based on materials from the site - By Coindoo.com
The new products represent cash-settled contracts modeled after CME Group offerings, with each micro-future of XRP representing 2500 tokens, currently valued at approximately $5200.
These smaller contract sizes are designed to make futures trading more accessible to individual investors, especially those seeking limited access to highly volatile crypto assets.
This move follows the broader rollout of futures trading on Robinhood, which began in October of last year. Initially focused on traditional assets like crude oil and the S&P 500 index, the platform has expanded to digital asset derivatives after forming a partnership with CME Group earlier this year.
Here are the altcoins to watch in the third quarter, according to Grayscale.
This partnership opened the door for Robinhood users to some of the most liquid futures.
A type of derivative contract that describes an agreement to buy or sell a specific asset at a predetermined price on a specified future date.
">futures products in the market through a mobile experience.
The launch of XRP futures on CME in May generated over half a billion dollars in notional monthly volume, indicating strong institutional interest in this asset class. Solana futures, also offered by CME, have already laid the groundwork for broader futures products based on altcoins.
Robinhood's entry into micro-crypto futures indicates that the platform sees long-term opportunities in the evolving market for digital derivatives and aims to make it more accessible to its user base.
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