Robinhood looking to list crypto futures in the coming months: Bloomberg

Robinhood is reportedly looking to leverage its impending Bitstamp acquisition to expand further into the futures market with crypto contracts.

"In May, spot trading volumes on centralized exchanges was $1.57 trillion, while monthly derivatives volume reached $3.69 trillion, according to data from crypto researcher CCData," Bloomberg said. Coinbase, which is the biggest U.S. crypto exchange, already offers derivatives. Despite its crypto unit receiving a Wells notice from the SEC in early May, Robinhood is set on expanding its crypto enterprise. The firm’s crypto trading increased by 224% in the first quarter of 2024.

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