Cryptocurrency News

Robinhood rolls out micro XRP, Solana futures following token relisting


Key Takeaways

  • Robinhood has launched micro futures contracts for XRP and Solana after relisting the tokens.
  • Micro contracts present retail merchants with decrease capital necessities and extra exact place sizing.

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Robinhood, the main fintech firm offering a complete monetary companies platform, introduced Friday that it has added micro futures contracts for XRP and Solana, and Bitcoin Friday futures to its buying and selling platform.

The transfer expands Robinhood’s crypto derivatives to 9 distinct choices, with the entire variety of crypto property out there on its futures market to 4, together with Bitcoin, Ethereum, and two newly added choices.

Robinhood has already supplied commonplace XRP and Solana futures on its platform.

The brand new micro XRP futures contract encompasses a contract multiplier of two,500, with every tick of 0.0005 equal to $1.25, in comparison with $25 within the full-sized contract.

The small contract dimension allows retail merchants and people with extra conservative danger profiles to commerce XRP futures with out excessive capital necessities. These crypto futures are cash-settled and commerce practically 24 hours every day, from 6 PM to five PM ET.

The micro Solana Futures contract operates with a multiplier of 25, the place every 0.5 tick transfer equals $1.25, providing merchants extra exact position-sizing choices and decreased publicity. Like its XRP counterpart, it’s cash-settled and follows the identical buying and selling schedule.

The newest additions come after Robinhood Crypto introduced the relisting of Solana, XRP, and Cardano on its US buying and selling platform in response to person demand for extra various funding choices. The agency additionally goals to draw new prospects by various buying and selling choices.

Not simply Robinhood, a number of main derivatives platforms have expanded their crypto choices below the brand new administration.

Earlier this 12 months, CME Group and Coinbase added extra crypto futures merchandise, together with contracts tied to XRP and Solana, signaling rising institutional demand and regulatory momentum for digital asset derivatives.

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