Official Robinhood platform or financial filings

Robinhood $HOOD Considers Offering Crypto Futures in U.S. and Europe After $200M Bitstamp Acquisition

Jul 2, 2024, 02:51 PM

Robinhood $HOOD is reportedly considering offering cryptocurrency futures in the U.S. and Europe, according to Bloomberg reports and sources familiar with the matter. The move would significantly expand Robinhood's crypto offerings. The company plans to use licenses from its $200 million acquisition of Bitstamp Ltd., which is expected to close next year, to offer perpetual futures for Bitcoin and other tokens in Europe. Additionally, Robinhood aims to launch CME-based futures for Bitcoin in the U.S. This strategic expansion could provide retail traders with new opportunities in the crypto market.