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Robinhood, a popular stock trading and investment platform, announced at its HOOD Summit conference that it will now support Bitcoin and Ether futures, enhancing its derivatives offerings. According to the firm, the new services will include trading in Bitcoin Futures, Micro Bitcoin Futures, Bitcoin Friday Futures, Ether Futures, and Micro Ether Futures through the CME. This expansion allows customers to trade a variety of assets including the S&P 500, oil, Bitcoin, and more directly within the Robinhood app.
The move follows Robinhood’s announcement to acquire crypto exchange Bitstamp for around $200 million and its ongoing efforts to broaden its cryptocurrency capabilities, despite a Wells notice from the SEC in May. Robinhood’s CEO Vlad Tenev expressed that the introduction of these futures and the new “Robinhood Legend” desktop application are aimed at empowering users to leverage the full potential of the markets.
Scheduled to be available in the coming months, these offerings signify Robinhood’s strong commitment to integrating cryptocurrency trading within its broader financial services, demonstrating its confidence in the future of digital currencies.
