Transaction URL: https://etherscan.io/tx/0x478332491e6baf49270d57a5353431bea8b74499fc2bcba041dc9b04b68f7051
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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.
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Not just a fad
Wake up babe, a new State of Crypto just dropped.
No, but really, a16z’s latest report is filled with intriguing snippets covering the entire industry.
I wrote about the takeaways yesterday, but this morning I wanted to really focus on a few data points. Namely, what the team found when they dug into stablecoins.
“We’ve seen that stablecoins have found product market fit, and I think it’s largely because transaction fees have come down. Stablecoins are a great product when fees are low. And so we’ve really…
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Ethereum co-founder Vitalik Buterin has revealed ambitious enhancements for the Ethereum network as part of its ongoing development phase named the “Surge.” Buterin’s recent blog post outlines a goal to surpass 100,000 transactions per second on Ethereum’s mainnet and its associated layer-2 blockchains, aiming to significantly boost interoperability and user experience across the network.
The “Surge” follows the successful Dencun update, which delivered essential scaling improvements and reduced costs significantly, despite facing some criticisms related to security and centralization risks. These enhancements are designed to maintain the decentralized ethos of Ethereum while introducing new features like multidimensional gas pricing to reduce transaction costs further without compromising network integrity.
Buterin emphasizes the necessity of seamless integration among Ethereum’s layer-2 networks to enrich the user experience, suggesting backend enhancements for easier communication between networks. This strategy marks a pivotal step in Ethereum’s evolution, focusing on scalability, efficiency, and a unified ecosystem to meet growing demand and maintain its pioneering status in the blockchain space.