Robinhood is reportedly contemplating providing cryptocurrency futures within the U.S. and Europe, however no official launch date has been introduced but.
Bloomberg Information reported on Tuesday that Robinhood is contemplating providing cryptocurrency futures within the U.S. and Europe within the coming months.
The app for buying and selling with out fee goals to make the most of the licenses of Bitstamp, a crypto change it plans to accumulate in a $200 million deal set to shut subsequent 12 months.
Robinhood plans to introduce Bitcoin (BTC) and Ether (ETH) futures primarily based on CME within the U.S. Nevertheless, they’ve talked about that there are not any instant plans to launch the providing and the discussions are ongoing, so the ultimate plans may change.
Pluto
This announcement comes after Robinhood introduced its acquisition of Pluto Capital, a synthetic intelligence analysis platform. The corporate goals to supply customers with extra tailor-made funding methods and evaluation.
Robinhood made this transfer to develop its crypto presence and entice institutional shoppers together with their common retail clients.
Robinhood has been increasing its companies to now embody crypto, retirement merchandise, and bank cards. The corporate works with particular person buyers to reinforce their crypto portfolios.
Robinhood has not introduced an official date for futures buying and selling to start out.
