- The contracts allow users to speculate on price movements or hedge positions with lower capital requirements.
- It reportedly builds on Robinhood’s initial futures offerings, which started in January with bitcoin and ether.
Robinhood has launched micro futures contracts on bitcoin, solana, and XRP in the US, expanding its crypto derivatives lineup to cater to growing retail demand. The move comes as the company reports a sharp increase in trading activity and closes two major crypto acquisitions.
The micro contracts allow users to take positions with less collateral than standard futures. This enables traders to speculate on price moves or hedge positions while committing less capital.
In an announcement on X, the company mentioned: “New crypto futures are now on Robinhood. Trade micro XRP, Solana, and Bitcoin Friday futures with lower margin requirements and seamless execution with our trading ladder.”
The launch expands Robinhood’s existing futures suite, which began in January with Bitcoin and ether products. It now covers three of the most actively traded cryptocurrencies among retail investors.
See Related: Robinhood’s Connect Allows Users To Access DeFi
Rollout Comes After Crypto Trading Surge
Robinhood reported $11.7 billion in crypto notional volume in May, a 36% increase from April and up 65% compared to May last year. The uptick reflects growing user interest in crypto derivatives and volatility-driven strategies.
The launch follows Robinhood’s $200 million acquisition of Bitstamp and its $179 million deal to buy WonderFi. Both moves signal the firm’s intent to expand its crypto footprint in regulated and international markets.
The additions is expected to position Robinhood more competitively in the evolving crypto trading space, particularly as retail platforms seek new growth channels in the wake of past market downturns. The latest deal adds to Robinhood mergers and acqusitions.
In May, the company bought WonderFi, a Canadian firm that runs regulated crypto trading platforms, for $179 million. WonderFi owns Bitbuy and Coinsquare, which together handle billions in customer assets.
The deal adds to a wave of crypto mergers, including Coinbase’s $2.9 billion purchase of Deribit and Ripple’s $1.25 billion acquisition of prime broker Hidden Road.
