Robinhood Launches Bitcoin Futures Trading
Date: 2025-01-31 Author: Gabriel Deangelo Categories: BUSINESS
Robinhood, known for its stock and cryptocurrency trading tools, is expanding its operations by offering users the ability to trade futures on several asset categories, including Bitcoin and Ethereum. The platform has already announced the imminent introduction of cryptocurrency futures contracts, as well as metals, energy, currency pairs, and stock indices. The partnership with CME Group, one of the world's largest providers of futures contracts, will provide traders with access to these new products.
Robinhood users will reportedly be able to start trading Bitcoin futures in the near future. The system will include different fees for different categories of customers: for Gold users, the fee will be $0.5, while for other traders, the rate is expected to be $0.75. The offering was originally planned for fall 2024, but instead of futures contracts, the company introduced the Robinhood Legend platform, which includes the necessary tools for active traders and investors.
The move was prompted by the growing interest of a new generation of traders who are looking for more diverse investment opportunities. In response to this trend, Robinhood developers claim that futures on bitcoin and other assets offer unique ways to manage risk and increase returns for active users.
CME Group Chief Commercial Officer Julie Winkler noted that expanding access to futures contracts for retail investors is an important step in educating and empowering new generations of traders. She also expressed confidence that the partnership with Robinhood will provide users with the products and tools they need to successfully trade in key markets.
As a result of this collaboration, Robinhood intends to offer its users convenient and diverse financial instruments, which should contribute to the development of both cryptocurrency and traditional trading.
