Robinhood plans to launch perpetual futures for eligible US customers in the coming months.
CEO Vlad Tenev said the company is bringing America “its first true perps” in a post on X, adding that profit and loss will settle every 15 minutes.
Eight Crypto Assets, Up to 10x Leverage
The company announced the product on Tuesday at its HOOD Summit in Houston. Customers will be able to go long or short on BTC, ETH, SOL, XRP, DOGE, ADA, LINK, and HYPE.
A perpetual future is a leveraged contract that tracks an asset’s price with no settlement date, so a trader can hold a position as long as they can cover it. Bitcoin and Ethereum contracts allow up to 10x leverage, while the other six are capped at 3x, and Robinhood Derivatives will provide the contracts through Bitstamp.
Trading costs one basis point (0.01%) per trade through the end of the year, which Robinhood describes as some of the lowest fees in the industry. Furthermore, users can set stop-loss and take-profit orders, watch their liquidation price in real time, and get alerts when a position is at risk.
“Ownership doesn’t work without markets, and markets don’t work without traders,” Tenev said. The CEO added that Robinhood wants to be “the best place in the world for active traders” by delivering tools once reserved for hedge funds, big banks and quant firms.
The trading platform also introduced an in-app AI tool called Robinhood Agents that will help customers create strategies, research markets and trade within preset limits, while manual trade approval is turned on by default. According to the firm, more than 15,000 users have opened agentic trading accounts since its May launch, with agents using Robinhood tools almost 30 million times a day.
In addition, the firm is bringing earnings contracts tied to company metrics such as revenue targets and earnings results. Those binary options contracts will be offered through Cboe and require options approval.
Where Robinhood Sits Among Rivals
The broader derivatives push is not limited to Robinhood. As CryptoPotato reported on September 4, Coinbase filed registrations with the SEC to offer single-stock perpetual futures to US investors, although those filings did not guarantee a launch on any set timeline.
Bybit went a different direction on leverage. Its new forex perpetuals, introduced September 8, allow up to 100x and trade around the clock, against Robinhood’s 10x ceiling.
Remember, perpetuals still carry funding costs and liquidation risks, since a position can be closed out when losses grow too large, and Robinhood has also not given an exact launch date beyond “the coming months.”
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Source: https://cryptopotato.com/robinhood-to-launch-crypto-perpetual-futures-in-the-us/
