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Robinhood Launches Micro Bitcoin, Solana, XRP Futures In The US
HomeNews* Robinhood has launched micro futures contracts for Bitcoin, solana, and XRP in the United States.
These new micro contracts come as Robinhood finishes acquiring Bitstamp for $200 million and after closing a $179 million deal to purchase Canada’s WonderFi. The company first launched bitcoin and ether futures contracts in January and now offers a wider range including solana and XRP.
The company reported that crypto notional trading volumes have steadily risen. In May, the notional volume reached $11.7 billion—a 36% increase over April and a 65% gain from the same month last year. For more detailed figures, readers can review the company’s official data.
A micro futures contract is a smaller version of a regular futures contract, allowing investors to participate in price movements instead of buying the underlying asset. This can make risk management and diversified strategies accessible to a wider audience. The expansion of futures products follows an active period of acquisitions and growth for Robinhood in the digital asset sector.
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