Robinhood plans to use its acquisition of Bitstamp to enter the futures market by offering cryptocurrency contracts.
In the US, the company intends to launch CME-based Bitcoin and Ether futures, while in Europe it will use Bitstamp's licenses to offer perpetual futures on various tokens.
However, a Robinhood spokesperson has stated they currently have no immediate plans to launch these offerings.
Robinhood plans to buy Bitstamp for $200 million and that the deal will close in the first half of 2025.