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

Elon Musk’s xAI Sues Minnesota Over First U.S. AI Nudification Law

Elon Musk's artificial intelligence company xAI has filed a federal lawsuit challenging Minnesota's landmark law banning AI-powered "nudification" technology, arguing…

6 days ago

Bitcoin Nears $65,000 as Treasury Yields Outperform Carry Trade in Rare Market Signal

Bitcoin climbed toward $65,000 as an unusual shift in traditional financial markets created one of the rarest conditions…

7 days ago

Hyperscale Data Sells 100 Bitcoin to Fund Michigan AI Campus as GPUS Stock Surges

Hyperscale Data has sold 100 Bitcoin to accelerate development of its planned artificial intelligence campus in Michigan, sending shares…

7 days ago

PIPEDOG Explodes 140x on Robinhood Chain as Memecoin Frenzy Intensifies

A newly launched memecoin called PIPEDOG ($PIPEDOG) became the latest breakout token on Robinhood Chain, surging more than 140x within…

1 week ago

BNY Brings $8.6 Trillion Fund Business On-Chain in Major Wall Street Blockchain Expansion

BNY, the world's largest custodian bank, is bringing one of its core financial businesses onto…

1 week ago

Senators Strengthen Crypto Ethics Rules in CLARITY Act After Trump Negotiations

A bipartisan group of U.S. senators has reportedly reached a new compromise on the ethics provisions of…

1 week ago