Robinhood has announced plans to expand its cryptocurrency offerings by introducing futures trading for Bitcoin and Ether.

This development comes amid the launch of the firm’s new desktop trading platform, Robinhood Legend, aimed at active traders seeking advanced tools and customization options.

During the HOOD Summit conference, Robinhood confirmed that it will allow customers to trade a variety of futures products, including Bitcoin Futures, Micro Bitcoin Futures, Bitcoin Friday Futures, Ether Futures and Micro Ether Futures. These products will be available through the Chicago Mercantile Exchange (CME) and are expected to roll out in the coming months.

The company had previously indicated that it had "no imminent plans" to introduce such offerings, despite reports earlier this summer suggesting otherwise.

According to Bloomberg, Robinhood planned to utilize Bitstamp's licenses to offer perpetual futures for Bitcoin and other cryptocurrencies in Europe.

In addition to its futures offerings, Robinhood continues to provide access to Bitcoin and Ethereum ETFs in the U.S., along with the ability to purchase crypto directly via its Robinhood Crypto platform.

However, the firm has been facing scrutiny from regulatory bodies, including a Wells Notice from the SEC in early May.

Stock trading for Robinhood has shown positive movement following the announcement, with shares rising 2.8% in pre-market trading, reaching $27.69. The stock has gained more than 111% year-to-date.

Robinhood is also reportedly considering a stablecoin launch, though a spokesperson reiterated there are "no imminent plans" for this initiative.