Robinhood Introduces Micro XRP and SOL Futures: Details

Zero-commission trading platform Robinhood has announced the launch of micro XRP and Solana futures

Robinhood's micro futures are standard versions of standard cash-settled contracts offered by CME Group.

Micro XRP futures represent 2,500 XRP per contract (roughly $5,200 at press time)

As reported by U.Today, the Chicago-based derivatives behemoth launched its XRP futures in May. They managed to attract $542 million in notional monthly volume, which shows rather robust institutional demand. Earlier this year, CME also rolled out regulated futures for SOL

Robinhood officially introduced futures trading in October alongside the rollout of index options

The popular trading platform initially supported oil, the widely tracked S&P 500 stock market index, and other futures.

In January, CME Group announced a partnership with Robinhood that brought some of its widely traded futures products to the latter's mobile app.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)