Robinhood Introduces Micro Futures for Bitcoin, Solana, and XRP
Robinhood (HOOD) has launched micro futures for bitcoin, solana, and XRP in the U.S., enhancing its crypto futures offerings for 26 million funded accounts.
- Micro contracts require less collateral than full-size futures.
- They allow traders to take positions with smaller capital commitments.
- Offer flexibility for betting on price direction or hedging current positions.
- This launch follows the introduction of BTC and ETH futures in January.
- Coincides with recent acquisitions of Bitstamp ($200 million) and WonderFi ($179 million).
- Crypto notional volumes reached $11.7 billion in May, a 36% increase month-over-month and 65% year-over-year.