Robinhood to Offer Bitcoin, Ethereum Futures to Seasoned Traders

Robinhood is expanding its futures offerings to include Bitcoin and Ethereum in an effort to attract more experienced traders.

Products include Bitcoin contracts, micro Bitcoin futures, Bitcoin Friday futures, Ethereum futures, and micro Ethereum futures.

Speaking to Decrypt, a Robinhood spokesperson said that these offerings are expected to launch on the app in the "coming months."

The announcement was made during Robinhood’s inaugural customer event, HOOD Summit, where the company also introduced its new desktop platform, Robinhood Legend.

This platform is specifically tailored for active traders, offering advanced tools and real-time data, including the ability to trade futures and index options directly through the app.

“With some of the lowest fees in the industry and an elegant mobile interface, there will be no reason to trade futures anywhere else,” said JB Mackenzie, Robinhood’s vice president and general manager of Futures and International, in a statement.

Gold subscribers can trade futures for as low as $0.50 per contract, while non-Gold users will pay $0.75, undercutting traditional brokerages.

“By talking with active traders, we realized there is frustration with legacy offerings,” said Steve Quirk, chief brokerage officer at Robinhood.

“Moving back and forth between apps or charting platforms can be cumbersome and time-consuming. We set out to reimagine what a modern, intuitively designed active trading platform should look like.”

Earlier this month, Robinhood Crypto, the trading platform's crypto arm, announced it will be introducing crypto transfers for its customers in Europe.

The US-based platform launched its crypto trading service in the EU in December 2023 but it did not allow users to move their cryptocurrencies from the platform to a self-custodial wallets or third-party platforms.