Robinhood wants to launch CME-based Bitcoin and Ether futures in the U.S. and use Bitstamp's licenses to offer perpetual futures in Europe.
Robinhood is reportedly looking to leverage its impending Bitstamp acquisition to expand further into the futures market with crypto contracts.
"In May, spot trading volumes on centralized exchanges was $1.57 trillion, while monthly derivatives volume reached $3.69 trillion, according to data from crypto researcher CCData," Bloomberg said. Coinbase, which is the biggest U.S. crypto exchange, already offers derivatives. Despite its crypto unit receiving a Wells notice from the SEC in early May, Robinhood is set on expanding its crypto enterprise. The firm’s crypto trading increased by 224% in the first quarter of 2024.
Macro Markets Mergers &Amp Acquisitions Public Equities Robinhood
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