Robinhood Introduces Micro Futures Contracts for XRP and SOL

Popular digital brokerage platform Robinhood has launched micro futures contracts for Ripple’s XRP and Solana (SOL), offering crypto traders the ability to trade derivatives with considerably lower capital requirements.

The new offering announced on Friday expands on Robinhood’s existing crypto product lineup.

Micro SOL, XRP Futures Contracts Go Live On Robinhood

Robinhood has added micro futures contracts for XRP and Solana, and Bitcoin Friday futures to its trading platform.

Micro futures are smaller contracts that allow retail and smaller-scale investors to speculate on or hedge against the price action of assets like stock indices, commodities, or currencies with lower capital requirements and less risk compared to standard futures

The Menlo Park, California-headquartered zero-commission trading venue already offers standard XRP and Solana futures on its platform. These are micro versions of standard cash-settled contracts offered by Chicago-based derivatives behemoth CME Group. The new micro XRP futures represent 2,500 XRP per contract (around $5,200 at publication time)

Robinhood announced its foray into crypto futures earlier this year. At the time, the company said the rollout would initially be limited to Bitcoin and Ether. However, it later expanded to XRP and Solana futures.

One way the U.S.-based trading firm has bolstered its crypto offerings is via strategic acquisitions of key players in the space. Earlier this month, Robinhood sealed a $200 million acquisition of crypto exchange Bitstamp — a deal pundits suggest will help it expand worldwide

The broker is extending its focus on derivatives as an effort to compete with established players like Charles Schwab and Morgan Stanley’s E*TRADE, which already offer crypto futures.

Besides Robinhood, several prominent derivatives platforms have expanded their crypto suite under the new crypto-friendly Donald Trump administration.

As ZyCrypto reported, the CME Group debuted its XRP futures on May 19, setting the stage for the eventual greenlighting of spot-based XRP exchange-traded funds (ETFs). They registered approximately $542 million in notional monthly volume, which indicates strong institutional appetite

According to Bloomberg analysts, there is now a staggering 95% likelihood of spot XRP products being approved for launch in 2025