Robinhood Contemplating Launching Cryptocurrency Futures in the US and Europe

Byadmin

Jul 2, 2024
Robinhood Contemplating Launching Cryptocurrency Futures in the US and EuropeRobinhood Contemplating Launching Cryptocurrency Futures in the US and Europe

According to information, Robinhood Markets Inc. is exploring the possibility of launching cryptocurrency futures trading in the USA and Europe in the near future.

Following the expected completion of the acquisition of Bitstamp Ltd. for $200 million next year, Robinhood aims to utilize the licenses of the Luxembourg-based company to introduce perpetual futures for Bitcoin and other cryptocurrencies in Europe.

Additionally, Robinhood is considering introducing futures for Bitcoin and Ethereum, based on the Chicago Mercantile Exchange (CME) in the USA.

A Robinhood spokesperson clarified, “We do not have immediate plans to introduce these products,” adding that discussions are ongoing and final details of the plans may evolve.

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Despite receiving notice from the US Securities and Exchange Commission indicating potential enforcement action (Wells Notice), Robinhood continues to expand its crypto services.

In June, Robinhood confirmed the acquisition of Bitstamp, with the deal expected to be finalized in the first half of 2025. Earlier in March, the company acquired Marex FCM, which holds the necessary regulatory license for offering futures trading in the USA.

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