Robinhood eyes crypto futures in US and Europe

Key Takeaways

• Robinhood considers offering crypto futures in US and Europe after Bitstamp acquisition.
• Global crypto derivatives market volume reached $3.69 trillion in May, surpassing spot trading.

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Robinhood ]is exploring the possibility of offering crypto futures in the US and Europe in the coming months, as reported by Bloomberg citing sources familiar with the matter.

Following the anticipated closure of its $200 million Bitstamp Ltd. acquisition next year, Robinhood aims to leverage the Luxembourg-based crypto exchange’s licenses to provide perpetual futures for Bitcoin and other tokens in Europe. The company is also considering launching CME-based futures for Bitcoin and Ether in the US.

“We have no imminent plans to launch these offerings,” stated a Robinhood spokesperson to Bloomberg. The sources, who requested anonymity due to the confidential nature of the plans, indicated that discussions are ongoing and final decisions have not been made.

The global crypto derivatives market currently surpasses spot trading in volume. CCData reports that in May, spot trading volumes on centralized exchanges reached $1.57 trillion, while monthly derivatives volume hit $3.69 trillion. The demand for futures has increased since the approval of US Bitcoin exchange-traded funds at the start of the year.

Robinhood has been expanding its crypto strategy despite receiving a Wells notice from the US Securities and Exchange Commission. In June, the company agreed to acquire Bitstamp, with the deal expected to close in the first half of 2025. Additionally, Robinhood purchased Marex FCM in March, obtaining the necessary license to offer futures in the US.

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