Robinhood Expands Crypto Services with Futures Trading
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Cryptocurrency companies are growing globally, and traditional finance entities are entering this space. A recent news update promises significant capital inflow into crypto. BTC might not react immediately, but this development could have an impact soon.
Crypto Breaking News
Robinhood is a well-known platform for buying and selling stocks and crypto. It gained significant attention during the GameStop incident and has since grown. The crypto-supporting company aims to offer futures trading services, listing more altcoins. They plan to provide crypto futures services to customers in the US and the European Union.
Bitstamp acquisition was previously announced. Robinhood purchased the crypto exchange for $200 million, with the deal expected to complete next year. Using the Luxembourg-based crypto exchange’s licenses, Robinhood could launch crypto futures services for Bitcoin and other tokens in Europe. A clearer statement of this intention may be seen in the coming days.
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