Robinhood Derivatives Unveils Bitcoin Price Contract Settling on August 23, 2026
Roadmap to Bitcoin's Aug 23, 2026 price set by Robinhood Derivatives
The company has outlined its plans for a contract that will settle on August 23, 2026 at 1pm EDT. The contract revolves around the price of BTC and is based on CF Benchmarks' Real Time Index (RTI).
Rather than an actual prediction of Bitcoin's price, this contract determines which outcome occurs if it reaches a specific value. If the price of Bitcoin is $77,400 or above at the designated time, those holding contracts will receive 99¢ for every contract they own. However, other payout values exist depending on the exact price.
The trading process involves significant risk and may not be suitable for everyone, according to Robinhood Derivatives. The company has outlined several restrictions and eligibility requirements for potential participants.