Official announcement from Robinhood or major financial news outlets

Robinhood $HOOD Considers Listing Bitcoin and Crypto Futures in US and Europe

Jul 2, 2024, 02:33 PM

Robinhood $HOOD is reportedly considering listing cryptocurrency futures in the United States and Europe. This move would expand its offerings in the digital asset market, allowing users to trade futures contracts for Bitcoin and other cryptocurrencies. According to sources familiar with the matter, Robinhood plans to utilize Bitstamp’s licenses to offer perpetual futures for Bitcoin and other tokens in Europe after its $200 million acquisition of Bitstamp closes next year. Additionally, the company aims to launch CME-based futures for Bitcoin in the U.S. This initiative aligns with Robinhood's broader strategy to diversify its product offerings and strengthen its position in the competitive crypto trading landscape.