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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.