Key Details:

• Robinhood has rolled out micro futures for Bitcoin, Solana, and XRP in the U.S.
• This launch is part of a broader expansion of Robinhood’s crypto offerings, particularly after its recent acquisitions of Bitstamp and WonderFi.
• The company reported a notable increase in crypto notional volumes, reaching $11.7 billion in May, reflecting a 36% month-over-month and 65% year-over-year growth.

Robinhood (HOOD) has officially launched micro futures for Bitcoin (BTC), Solana (SOL), and XRP, improving access for its nearly 26 million funded accounts. Micro contracts require significantly lower collateral than standard futures, allowing traders to make directional bets with less capital commitment.

These contracts provide traders with enhanced flexibility to speculate on future cryptocurrency price movements or to hedge existing positions. This rollout follows a suite of futures that started with Bitcoin and Ethereum in January and is revealed shortly after Robinhood completed a $200 million acquisition of Bitstamp and a $179 million purchase of Canadian crypto firm WonderFi.

According to Robinhood’s data, crypto notional volumes have steadily increased, culminating in $11.7 billion for May, showcasing a substantial 36% rise compared to the previous month and a 65% increase from the same period last year.