Robinhood Enters Perpetual Futures Market with Crypto Derivatives

Roadmap, a popular financial and crypto investment app, has announced that it will offer perpetual futures contracts for several cryptocurrencies to its US users. The move follows a trend of increasing demand for derivatives products in the US market.

The perpetual futures contracts will be available for Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, Dogecoin (DOGE), Cardano (ADA), Chainlink (LINK), and Hype (HYPE). The maximum leverage for BTC and ETH will be 10 times, while other assets will have a maximum leverage of 3 times.

Users will also be able to set stop-loss orders and take-profit orders, as well as view the clearing price in real-time. Clearing is triggered when a user's position reaches a certain loss threshold, at which point their position is automatically settled.