Robinhood has expanded its crypto trading offerings by introducing micro futures for XRP and Solana, along with a micro version of its existing Bitcoin Friday futures.
These new micro futures contracts cater to cautious traders by allowing them to manage risk with smaller contract sizes, requiring less upfront money compared to regular futures.
XRP demand has increased as futures and ETFs attract investors to regulated crypto tools, with Robinhood aiming to grow its crypto derivatives business by making trading accessible to everyone.
This expansion by Robinhood with XRP and Solana micro futures aligns with a broader trend in the crypto market where platforms are introducing new products like futures and ETFs to cater to a growing interest in cryptocurrencies.