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Robinhood may be looking to expand, as reports suggest the company has considered listing crypto futures in both the US and Europe. The plans have not yet been made public, but anonymous sources have expressed the firms interest in launching CME- based futures for both BTC and Ethereum.
“We have no imminent plans to launch these offerings,” a spokesperson told Bloomberg. They ensured that discussions are still taking place. The report also noted that the plan could potentially change.
The crypto trading platform received a Wells Notice from the SEC earlier this year. That hasn’t stopped their commitment to the crypto market, however. The company is in the midst of an international expansion. Meanwhile, Robinhood Crypto is already available in 50 US states, the Virgin Islands, and Puerto Rico.
In July, the company’s trading services officially allowed the trading of 15 assets, including Bitcoin, ETH, Dogecoin, and Avalanche, across all US territories. Still, the firm reported a drop in its crypto trading. The app had seen $7.1 billion traded. However, that was a 30% drop from its $10.1 billion in April.
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