Robinhood Offers Micro Futures for XRP and Solana
Robinhood Markets has introduced micro futures contracts for XRP and Solana, expanding its range of crypto products. Micro futures are smaller contracts that provide a way to trade with less capital and risk. Earlier this year, Robinhood rolled out futures for several assets, including Bitcoin and Ethereum, with all being cash-settled. This new addition is part of Robinhood’s broader strategy following its acquisition of Bitstamp, aimed at global market expansion. The Block reports independently on these developments as part of its commitment to delivering unbiased crypto news.
FAQ
❓ What are micro futures?
Micro futures are smaller-sized futures contracts allowing traders to engage with lower capital requirements and reduced risk.
❓ Why did Robinhood introduce micro futures for XRP and Solana?
Robinhood introduced these to broaden its crypto offerings and provide lower-risk trading options for investors.
❓ What was Robinhood's recent acquisition?
Robinhood recently acquired crypto exchange Bitstamp to support its global expansion.