Digital brokerage Robinhood has introduced micro futures contracts for Bitcoin (BTC), Solana (SOL), and XRP (XRP), granting crypto traders the capability to engage in derivatives trading with considerably reduced capital constraints.
The latest offering was officially launched in the United States on Friday, building upon Robinhood’s pre-existing crypto futures options for Bitcoin and Ether (ETH).
Micro futures contracts are diminutive counterparts of conventional futures agreements, enabling traders to speculate on an asset’s price fluctuations with a significantly lower initial investment.
Robinhood, which boasts over 25 million funded user accounts, declared its entry into the crypto futures market in January. At that moment, the firm indicated that the introduction would initially focus on Bitcoin and Ether.
Nevertheless, Robinhood’s expansion into spot cryptocurrency trading commenced in 2018. Since then, its presence in the industry has grown.
Related: US futures reach a historical peak, positioning Bitcoin for new heights: Analysts
Robinhood broadens crypto offerings through significant acquisitions
One method Robinhood has bolstered its crypto services is via strategic investments in key players within the domain.
Earlier in June, the firm announced it had successfully completed a $200 million acquisition of the crypto exchange Bitstamp, thereby securing more than 50 licenses and registrations globally in the endeavor.
In May, also purchased WonderFi — a Canadian enterprise that operates regulated crypto trading platforms — for $179 million. WonderFi owns Bitbuy and Coinsquare, collectively overseeing billions in customer assets.
These transactions underscore the increasing mergers and acquisitions activity in the crypto field, marked by substantial deals like Coinbase’s $2.9 billion acquisition of Deribit and Ripple’s $1.25 billion takeover of prime broker Hidden Road.
Large-scale mergers and acquisitions showcase a rising trend of consolidation within the crypto sector, with multiple companies grappling with challenging macroeconomic conditions and volatile markets, according to Santora lending head Patrick Heusser.
Such factors contribute to the marked decline in crypto venture capital deals, with only 62 transactions completed in May, as reported by RootData.
Related: Crypto VC transactions reach 2025 low despite $909M raised in May
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