Robinhood has introduced micro futures for XRP and Solana, following the model of CME Group's offerings.
Each micro XRP future represents 2,500 tokens valued at around $5,200, making futures trading more accessible to individual investors.
Robinhood started with traditional assets like crude oil and the S&P 500 index before expanding into digital asset derivatives in partnership with CME Group.
The move to offer micro crypto futures indicates Robinhood's commitment to the maturing digital derivatives market and making it user-friendly for its customer base.