Get the scoop on finance - sign up for mobile alerts
Trading
| On
July 2, 2024

Retail Trading Giant Robinhood Considering Launching Crypto Futures in US and Europe: Report

By Daily Hodl Staff

One of the largest retail trading platforms in the world is considering launching crypto futures for customers in the US and Europe.

According to a new Bloomberg report, Robinhood is looking at offering crypto futures trading in the US and European markets, but doesn’t have a specific timeline to do so.

ADVERTISEMENT

Said a Robinhood spokesperson, according to the report:

“We have no imminent plans to launch these offerings.”

Last month, Robinhood acquired the crypto exchange Bitstamp. As stated by Johann Kerbrat, Robinhood’s general manager of crypto,

“The acquisition of Bitstamp is a major step in growing our crypto business. Bitstamp’s highly trusted and long-standing global exchange has shown resilience through market cycles.

ADVERTISEMENT

By seamlessly coupling customer experience with safety across geographies, the Bitstamp team has established one of the strongest reputations across retail and institutional crypto investors.

Through this strategic combination, we are better positioned to expand our footprint outside of the US and welcome institutional customers to Robinhood.”

In May, the Securities and Exchange Commission (SEC) issued Robinhood a Wells Notice, or a warning that the agency plans on taking legal enforcement action against them. At the time, Dan Gallagher, chief legal, compliance, and corporate affairs officer at Robinhood Markets, Inc., said that Robinhood does not sell any assets that are considered securities.

“We firmly believe that the assets listed on our platform are not securities and we look forward to engaging with the SEC to make clear just how weak any case against Robinhood Crypto would be on both the facts and the law.”

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
&nbsp
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Mia Stendal

ADVERTISEMENT