Robinhood Launches Perpetual Futures for US Customers

R Robinhood has announced that it will offer eligible US customers perpetual futures on eight cryptocurrencies, with up to ten times leverage on Bitcoin and Ethereum. This is part of a broader package of trading products presented at the HOOD Summit conference in Houston.

The company stated that eligible US customers can take long and short positions on Bitcoin, Ethereum, Solana, XRP, Dogecoin, Cardano, Chainlink, and HYPE, with no expiry date. Leverage runs up to 10x on the Bitcoin and Ethereum contracts and 3x on the other six.

R Robinhood will charge one basis point per trade, or 0.01 percent of the contract value, until the end of the year. The perpetual futures are offered by Robinhood Derivatives, a futures commission merchant registered with the US regulator, and executed over the Bitstamp trading platform.