Robinhood is expanding its reach into the futures market by adding Bitcoin and Ethereum alongside oil and the S&P 500 index as part of its broader strategy to attract seasoned traders. 

A Robinhood spokesperson told Decrypt on Wednesday its futures offerings via its trading app is expected in the “coming months.”

The offerings will include Bitcoin contracts, micro Bitcoin futures, Bitcoin Friday futures, Ethereum futures, and micro Ethereum futures, the spokesperson said.

Micro futures are smaller contracts designed to make futures trading more accessible to retail and smaller-scale investors.

The announcement was made during Robinhood’s first-ever customer conference, HOOD Summit, where the company introduced its new desktop platform, Robinhood Legend. 

The platform is designed specifically for active traders, aiming to offer sophisticated tools and real-time data, including the ability to trade futures and index options directly from the app.

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Author: Sebastian Sinclair