Robinhood has announced its expansion of derivatives products, including the addition of Bitcoin and Ether futures trading on its new desktop platform.
This platform will soon allow users to trade S&P 500, oil, Bitcoin, and more directly within the Robinhood app.
In the upcoming months, Robinhood will offer various futures options, such as Micro Bitcoin Futures, Bitcoin Friday Futures, Ether Futures, and Micro Ether Futures, all through the CME.
Robinhood already offers Bitcoin and Ethereum ETFs and allows direct crypto purchases through Robinhood Crypto in the US Despite a Wells notice from the SEC, Robinhood is still moving forward with its crypto plans, including a potential stablecoin launch.
Additionally, the company revealed its customizable desktop platform called “Robinhood Legend,” designed for active traders. These announcements led to a 2.8% increase in Robinhood’s stock during pre-market trading.
