Robinhood is reportedly considering offering cryptocurrency futures in the U.S. and Europe, although no official launch date has been announced yet.

According to recent reports, the commission-free trading app aims to utilize the licenses of Bitstamp, a crypto exchange it plans to acquire in a $200 million deal expected to close next year. Robinhood plans to introduce Bitcoin (BTC) and Ether (ETH) futures based on CME in the U.S. However, they have indicated that there are no immediate plans to launch this offering, and discussions are ongoing, so the final plans could change.

This announcement follows Robinhood’s acquisition of Pluto Capital, an artificial intelligence research platform. The company aims to provide users with more tailored investment strategies and analysis through this acquisition. This move is part of Robinhood’s strategy to expand its crypto presence and attract both institutional clients and retail customers.

Robinhood has been broadening its range of services, now including crypto investments, retirement products, and credit cards. The company focuses on working with individual investors to enhance their crypto portfolios.

While Robinhood has not announced an official date for the start of futures trading, the potential introduction of cryptocurrency futures could significantly benefit those interested in investing in digital assets. Stay updated with the latest developments in the world of cryptocurrency by exploring more news on Global Crypto News.

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