Robin (HOOD) Introduced micro-futures on Bitcoin
Solana and XRP in the United States., Expanding its existing cryptographic term offer for its nearly 26 million funded accounts.
Micro-contracts require much less guarantee than full-size contracts, allowing traders to take directional positions while committing a smaller capital section.
Contracts offer traders more flexibility to bet on the future price direction of a cryptocurrency or rub shoulders with the current positions given their smaller size.
The launch completes a future suite that started with BTC and ETH in January. It also occurs weeks after the company has concluded its purchase of $ 200 million in bitstamp and has entered into a $ 179 million contract for Canada Wonderfi.
Robinhood data show that crypto notional volumes have exploded upon time, reaching $ 11.7 billion in May. The figure marks a 36% increase in the month to the other and growth of 65% from one year to the next.
