Robinhood looking to list crypto futures in the coming months: Bloomberg | Headlines | News | CoinMarketCap
07/02/2024 22:51
Robinhood is reportedly looking to leverage its impending Bitstamp acquisition to expand further into the futures market with …
Robinhood is reportedly looking to leverage its impending Bitstamp acquisition to expand further into the futures market with crypto contracts.
Robinhood Markets wants to launch CME-based Bitcoin and Ether futures in the U.S. and would use Bitstamp's licenses to offer perpetual futures for Bitcoin and other tokens in Europe, Bloomberg reported citing people familiar with the matter.
"In May, spot trading volumes on centralized exchanges was $1.57 trillion, while monthly derivatives volume reached $3.69 trillion, according to data from crypto researcher CCData," Bloomberg said. Coinbase, which is the biggest U.S. crypto exchange, already offers derivatives.
“We have no imminent plans to launch these offerings,” a Robinhood spokesperson told Bloomberg. The …