Robinhood Brings High-Leverage Crypto Perpetual Futures to US Retail Traders

Retail traders in the US now have access to crypto perpetual futures on eight assets through Robinhood, thanks to the company's HOOD Summit announcement on September 29. The product will offer up to 10x leverage for Bitcoin and Ether, while six other cryptocurrencies, Solana, XRP, Dogecoin, Cardano, Chainlink, and HYPE, will have 3x leverage. This means traders can buy perpetual futures contracts that never expire, with profit and loss settling every 15 minutes, and trading available 24/7.

The new product is a result of Robinhood's partnership with Bitstamp, which will provide the necessary infrastructure for the US launch. The company has already tested similar products in Europe, where it offers perpetual contracts on assets such as gold, silver, crude oil, ETFs, and currency pairs, some up to 10x.

Rozette.com noted that Robinhood's move is not a new product idea but rather an expansion of its existing offerings. The company has already seen success with AI trading agents, which it will now offer to all 29 million users, allowing them to execute trades and build strategies on their own.