Robinhood plans U.S. perpetual futures launch, weekend stock trading expansion
Robinhood is widening its U.S. trading lineup with plans to add in-app perpetual futures in the coming months for eligible users. The rollout is set to pair crypto derivatives with round-the-clock access for select U.S. equities, extending the platform's push into more continuous trading.
Highlights
- Robinhood will offer U.S. users perpetual futures for bitcoin, ether, Solana, XRP, Dogecoin, ADA, LINK, and HYPE with up to 10x leverage for BTC and ETH and 3x for others.
- Trades on Robinhood's perpetual futures will have a 0.01% fee per trade through year-end 2024 and be supported by Bitstamp as the product's back-end exchange.
- CEO Vlad Tenev positions the launch as America's first true perpetuals, targeting the underdeveloped U.S. crypto derivatives market and expanding retail trading opportunities.
Product rollout and trading terms
As reported by The Block, citing Robinhood, the company plans to let eligible U.S. users take long or short positions through perpetual futures tied to bitcoin, ether, Solana, XRP, Dogecoin, ADA, LINK and HYPE.The company says it intends to offer up to 10x leverage on bitcoin and ether perpetuals and 3x leverage on other perpetual futures. Robinhood adds that the product will be supported by Bitstamp and that it will charge 0.01% per trade through the end of the year.
Robinhood says users will be able to place stop-loss and take-profit orders, monitor liquidation prices in real time and receive alerts when a position is at risk. CEO Vlad Tenev says on X that the launch brings what he calls America's first true perps, with no expiry and profit-and-loss settlement every 15 minutes.
Competitive push in U.S. crypto derivatives
The planned launch comes as crypto firms explore how perpetual futures can be offered in U.S. markets, an area that remains relatively underdeveloped compared with offshore venues.That creates a potentially significant opening for retail-focused platforms seeking new revenue streams from derivatives and higher-frequency trading. Ondo Perps CEO David Wells says in a Tuesday interview with The Block that he sees a huge opportunity in the U.S. perps market.
Robinhood’s rollout of 24-hour weekend trading for a curated list of U.S. stocks and ETFs marked another step in its push toward near-continuous market access, building on its round-the-clock weekday trading introduced in 2023. Our earlier article also noted the company’s broader product expansion plans, including adding perpetual futures in the app alongside other new offerings aimed at active traders.
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