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Crypto

Robinhood Partners with Crypto.com for Binary Event Contracts

Guavy AI Editorial Team
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Retail trading platform Robinhood (HOOD) has formed a multi-year partnership with Crypto.com, allowing it to integrate binary event contracts from OG into its trading ecosystem.

The deal includes Robinhood acquiring minority ownership positions in both Crypto.com and OG, with the former valuing at $15 billion and the latter at $5 billion following Citadel Securities' investment in July.

This strategic move marks a significant expansion for Robinhood's prediction markets business, which has been developing steadily since its initial partnership with Kalshi in 2024.

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