Robinhood launches micro futures contracts for XRP and Solana
ChainCatcher news, according to The Block, Robinhood has launched micro futures contracts for XRP and Solana, and has introduced a micro version of its existing Bitcoin Friday futures. Micro futures are smaller-sized futures contracts that allow traders to speculate or hedge against price movements of assets such as stock indices, commodities, or currencies, with lower capital requirements and reduced risk compared to standard futures.
Earlier this year, Robinhood began rolling out its futures products for forex, indices, commodities, and cryptocurrencies. Its first batch of cryptocurrency futures were all cash-settled, including Bitcoin futures, micro Bitcoin futures, Bitcoin Friday futures, and ETH futures. Later, Robinhood expanded to include XRP and Solana futures.