Commission-free Brokerage firm Robinhood, through its crypto entity, is reportedly planning to launch a crypto futures product. According to a Bloomberg report, the firm is planning to introduce this product in both the United States and Europe.

Robinhood Making Headlines For the Right Reasons

Robinhood has made the headlines in recent times for all the right reasons. Over the past few weeks, the firm has made two acquisitions to further its role as a brokerage. It inked a $200 million deal to buy Bitstamp, one of the oldest exchanges in Europe. Its latest acquisition was for Pluto, an AI-powered investment research firm.

While the timeline for this crypto futures product remains undisclosed, it aligns with the launch of a similar product in three new states in the United States.

This is a developing story, please check back for updates!

The post Breaking: Robinhood Plans to Introduce Crypto Futures In US and Europe Very Soon appeared first on CoinGape.

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Filed under: News - @ July 2, 2024 3:26 pm