Robinhood markets are deepened by the encrypted with the launch of the accurate peg contracts for three main digital assets: Bitcoin (BTC), Ripple (XRP), and Solana (Sol). This step was announced on Friday, which is a significant expansion of the company’s encryption derivative offers.
the New contracts It is part of the largest Robinhood mission of bringing complex financial products to retailers.
Small futures for merchants to bet on or against the movement of digital assets with a much lower investment. Each contract shrinks with a smaller size of the standard size of future contracts, allowing the smaller individual retail trading sites, relatively low investment and relatively lower risk.
According to the announcement, the future contracts of Micro Bitcoin Fride, Micro XRP and Micro Solana are now being included on the platform. All contracts are independent and traded for approximately 24 hours a day, five days a week.
“These products are deliberately designed to be intuitive and easy to use,” said Robenol. “They help in a democratic situation in reaching future encryption markets for the daily retail investor.”
With these new future contracts, RobinHood is looking to meet the increasing part of the hungry retail trading trading options for the most flexible and varied encryption options but don’t want to jump to more sophisticated and expensive platforms like Binance or CME.
Robinhood expands in future encryption contracts this year
The introduction of these new futures contracts is already at the top of RobinHood derivative products on the market. In early 2024, Robinhood provided futures for encryption, with Bitcoin and Ethereum the first to be offered. This was followed by Micro Bitcoin and Friedy Futures – weekly contracts designed to capture price fluctuations on Friday.
The new XRP and Solana Futures factors offer Robinhood futures for four encryption assets. XRP and Solana are two of the most traded Altcoins in the market. Their first appearance is an indication of the appetite for the most diverse coding derivatives than just Bitcoin and Ethereum.
Robinhood encoding contracts are completely climbed, so actual encryption is not delivered. This gives merchants exposure to the price without bearing the responsibility of the governor or custody.
The company also slowly climbed its future offers beyond Crypto. The company now allows trading in future contracts related to indicators, currencies and commodities-all of which are part of the general transformation to become one store for modern investment.
Robinhood pays global expansion after bitstamp
Robenol pushed to encryption is also part of its wider global strategy. Previously, in June, he ended the bitstamp purchase, one of the oldest most respected encryption exchanges in the world, for about $ 200 million.
Bitstamp has a strong infrastructure, an increasing international customer base, and relevant regulatory licenses in Europe, Asia and other places. Robinhood has received more than 50 licenses and active records with the acquisition, equipped to expand encryption outside the United States.
This is largely explained as a reaction to increasing competition in the global encryption sector. Large exchanges such as Coinbase, Kaken and Binance expanded at the international level, especially in more suitable regulatory environments.
Robinhood is also studying the purchase of Wonderfi, a Canadian digital assets platform supported by the investor and businessman Kevin Olieri. This special acquisition would increase the consolidation of a fingerprint in Canada and bring some Defi to their current shows.
The CEO of Robinhood Vlad Tenev has confirmed that his company was looking at Crypto as a long -term growth concentration. Recently, he described the Robinhood vision to become a “super financial application” that does everything from shares trading to banking, encryption and financial education services.
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