Market Watch

Robinhood Rolls Out Micro XRP, Solana Futures Following Token Relisting

Robinhood, the leading fintech company providing a comprehensive financial services platform, announced Friday that it has added micro futures contracts for XRP and Solana, and Bitcoin Friday futures to its trading platform. The move expands Robinhood’s crypto derivatives to nine distinct offerings, with the total number of crypto assets supported on its futures market being four, including Bitcoin, Ethereum. Robinhood has already offered standard XRP and Solana futures on its platform.
The new micro XRP futures contract features a contract multiplier of 2,500, with each tick of 0.0005 equivalent to $1.25, compared to $25 in the full-sized contract. The small contract size enables retail traders and those with more conservative risk profiles to trade XRP futures without high capital requirements. These crypto futures are cash-settled and trade nearly 24 hours daily, from 6 PM to 5 PM ET.
The micro Solana Futures contract operates with a multiplier of 25, where each 0.5 tick move equals $1.25, offering traders more precise position-sizing options and reduced exposure. Like its XRP counterpart, it is cash-settled and follows the same trading schedule. The latest additions come after Robinhood Crypto announced the relisting of Solana, XRP, and Cardano on its US trading platform in response to user demand for more diverse investment options. The firm also aims to attract new customers through diverse trading options.
Not just Robinhood, several major derivatives platforms have expanded their crypto offerings under the new administration. Earlier this year, CME Group and Coinbase added more crypto futures products, including contracts tied to XRP and Solana, signaling growing institutional demand and regulatory momentum for digital asset derivatives
Terron Gold

Recent Posts

Tether Blacklists 370 Wallets and Freezes Over $514 Million in USDT in Just 30 Days

Stablecoin giant Tether has dramatically escalated its enforcement activity after blacklisting 370 blockchain addresses and freezing approximately $514.64 million worth…

4 days ago

Coinbase Suffers Major Trading Outage After AWS Infrastructure Failure

Crypto exchange giant Coinbase experienced a major service outage that disrupted trading, transfers, and exchange operations after…

4 days ago

LayerZero Issues Public Apology After $292 Million Kelp DAO Exploit

Cross-chain messaging protocol LayerZero has publicly apologized for its handling of the massive Kelp DAO exploitthat drained approximately $292…

4 days ago

PayPal and Google Say AI-Driven Commerce Will Run on Crypto Rails

Executives from PayPal and Google Cloud said the future of “agentic commerce” — where AI agents autonomously buy goods,…

4 days ago

Kraken Parent Company Applies for Federal OCC Banking Charter

Crypto exchange giant Kraken is making a major move deeper into the U.S. financial system after its…

4 days ago

Taiwan News Anchor Indicted in Crypto-Funded Chinese Propaganda and Military Bribery Scandal

A major national security scandal has erupted in Taiwan after prosecutors indicted a Taiwanese news…

5 days ago