Digital brokerage Robinhood has launched micro futures contracts for Bitcoin (BTC), Solana (SOL), and XRP (XRP), giving crypto traders the ability to trade derivatives with significantly lower capital requirements.
The new offering was officially unveiled in the United States on Friday, expanding on Robinhood’s existing crypto futures products for Bitcoin and Ether (ETH).
Micro futures contracts are smaller versions of standard futures contracts, allowing traders to speculate on an asset’s price movements with a much lower upfront investment.
Robinhood, which has more than 25 million funded customer accounts, announced its entry into crypto futures in January. At the time, the company said the rollout would initially be limited to Bitcoin and Ether.
However, Robinhood’s expansion into spot cryptocurrency trading began in 2018. Since then, its footprint in the sector has expanded.
Related: US futures hit record high, setting Bitcoin up for new peak: Analysts
Robinhood expands crypto offerings through major acquisitions
One way Robinhood has strengthened its crypto offerings is through strategic acquisitions of major players in the space.
Earlier in June, the company announced it had completed a $200 million acquisition of crypto exchange Bitstamp, and with it, secured 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 owns Bitbuy and Coinsquare, collectively managing billions of dollars in customer assets.
These deals reflect the growing M&A activity in the crypto sector, highlighted by blockbuster transactions like Coinbase’s $2.9 billion acquisition of Deribit and Ripple’s $1.25 billion takeover of prime broker Hidden Road.
Large M&A deals highlight a growing consolidation trend in the crypto industry, with several companies struggling with challenging macroeconomic conditions and jittery markets, according to Santora lending head Patrick Heusser.
These factors are partly responsible for the notable downturn in crypto venture capital deals, with only 62 deals completed in May, according to RootData.
Related: Crypto VC deals hit 2025 low despite $909M raised in May
