Robinhood digital brokerage has launched Micro Future Contracts for Bitcoin (BTC), Solana (Sol) and XRP (XRP), giving crypto traders the possibility of exchanging derivatives with significantly lower capital requirements.
Friday, the new offer was officially unveiled in the United States, expanding the existing Crypture Future products from Robinhood for Bitcoin and Ether (ETH).
The term micro contracts are smaller versions of standard term contracts, allowing traders to speculate on the price movements of an asset with a much lower initial investment.
Robinhood, which has more than 25 million funded customer accounts, announced its entry into Crypto term contracts in January. At the time, the company said that deployment was initially limited to bitcoin and ether.
However, Robinhood’s expansion in trading of cryptocurrencies Spot began in 2018. Since then, its footprint has expanded.
In relation: US Futures reaches a high recording, defining Bitcoin for New Peak: analysts
Robinhood extends crypto offers through major acquisitions
A way in which Robinhood has strengthened its crypto offers is done through strategic acquisitions of major players in space.
Earlier in June, the company announced that it had completed an acquisition of 200 million dollars in crypto exchange, and with it, obtained more than 50 licenses and registrations worldwide in the process.
In May, Robinhood also acquired Wonderfi – a Canadian company that operates regulated crypto trading platforms – for $ 179 million. Wonderfi has Bitbuy and Coinsquare, collectively managing billions of dollars in customer assets.
These transactions reflect the growing activity of mergers and acquisitions in the cryptography sector, highlighted by successful transactions such as the acquisition of Coinbase of $ 2.9 billion in Deribit and the takeover of Ripple of $ 1.25 billion in Broker Hidden Road.
The major mergers and acquisitions agreements highlight a trend of increasing consolidation in the cryptography industry, several companies with difficult macroeconomic conditions and nervous markets, according to the head of the loans of Santora, Patrick HEUSER.
These factors are partly responsible for the notable slowdown in Crypto venture capital agreements, with only 62 agreements concluded in May, according to Rootdata.
In relation: Crypto VC transactions reached 2025 stockings despite $ 909 million collected in May
