HOOD - Robinhood Considers Expanding Into Cryptocurrency Futures Markets | Benzinga
Robinhood Markets Inc. (NASDAQ:HOOD) is contemplating the launch of cryptocurrency futures in both the U.S. and Europe in the coming months.
What Happened: According to sources familiar with the matter, the move is planned to follow the completion of its $200 million acquisition of Bitstamp Ltd., a Luxembourg-based crypto exchange, expected next year, Bloomberg reported.
Leveraging Bitstamp’s licenses, Robinhood aims to offer perpetual futures for Bitcoin and other cryptocurrencies in Europe. In the US, the platform is exploring the introduction of CME-based futures for Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).
However, a Robinhood spokesperson indicated that there are “no ...