Digital Brokerage Robinhood has launched contracts with Micro Futures for Bitcoin (Btc), Solana (Sol), and XRP (XRP), which provides crypto entrepreneurs the ability to exchange derivatives with significantly lower capital requirements.
The new offer was officially released in the United States on Friday, expanding Robinhood’s existing crypto futures products for Bitcoin and Ether (Eth).
Micro futures contracts are smaller versions of standard futures contracts, allowing entrepreneurs to think of price movements of an asset with lower investment above.
Robinhood, which has more than 25 million funded customer accounts, announced it Entering Crypto Futures in January. At this time, the company said the controlling was initially limited to Bitcoin and Ether.
However, the expansion of Robinhood in the Cryptocurrency Trading spot began in 2018. Since then, its footprints in the sector have expanded.
Related: US Futures futures are highly recorded, setting bitcoin for the new climax: Analysts
Robinhood expands crypto offerings by major acquisitions
One way Robinhood has strengthened its crypto offerings is by strategically taking major players in space.
Earlier in June, the company announced that it had completed a $ 200 million taking Crypto Exchange BitstampAnd with that, it has gained more than 50 licenses and registers worldwide in the process.
In May, in May, Robinhood also got Wonderfi – A Canadian company that runs regulated crypto trading platforms – for $ 179 million. Wonderfi owns Bitbuy and Coinsquare, which is a collective management of billions -billions of dollars in customer ownership.
These deals reflect M&A’s growing activity in the crypto sector, which has been highlighting blockbuster transactions such as The $ 2.9 billion taking Coinbase of the derivit and Ripple’s $ 1.25 billion Getting Prime Broker Hidden Way.
Large deals in M&A feature a growing course of integration -Includes in the crypto industry, along with several companies fighting challenging macroeconomic conditions and jittery markets, according to Santora Lending Head Patrick Heusser.
These factors are partially responsible for the well -known collapse of deals in the crypto venture capital, with only 62 deals completed in May, according to Root.
Related: Crypto VC deals hit 2025 low beyond $ 909m raised in May
