One of the world’s leading retail trading platforms is exploring the possibility of introducing cryptocurrency futures for its clientele in the United States and Europe. As per a recent report from Bloomberg, Robinhood is contemplating the introduction of crypto futures trading in both the US and European markets, although no specific timeframe has been set for this initiative.

A spokesperson from Robinhood, as mentioned in the report, stated, “We currently have no immediate intentions to launch these services.”

In a significant move last month, Robinhood completed the acquisition of the crypto exchange Bitstamp. Johann Kerbrat, the general manager of crypto at Robinhood, emphasized the importance of this acquisition in expanding their crypto business. Kerbrat highlighted Bitstamp’s strong reputation and resilience throughout various market cycles, underlining the trust they have garnered among both retail and institutional crypto investors. By merging seamless customer experience with robust safety measures on a global scale, the Bitstamp team has solidified its position, enabling Robinhood to broaden its reach beyond the US and cater to institutional clients.

In May, the Securities and Exchange Commission (SEC) issued a Wells Notice to Robinhood, indicating potential legal enforcement action against the platform. In response, Dan Gallagher, the chief legal, compliance, and corporate affairs officer at Robinhood Markets, Inc., clarified that Robinhood does not deal in assets classified as securities. Gallagher expressed confidence in their position, stating, “We firmly believe that the assets available on our platform do not fall under the category of securities. We eagerly await discussions with the SEC to demonstrate the lack of substance in any potential case against Robinhood Crypto, both factually and legally.”

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