Robinhood Launches Micro Futures Contracts for XRP, Expanding Crypto Trading Options

Robinhood has expanded its derivatives offerings by introducing micro futures contracts for XRP and Solana (SOL), alongside a micro version of its existing Bitcoin Friday futures, as reported by The Block. These micro futures enable traders to engage in smaller-scale contracts, providing enhanced flexibility for hedging or speculating on price fluctuations with reduced capital exposure and risk compared to standard futures. This strategic move aligns with Robinhood’s broader initiative to diversify its futures portfolio, which earlier this year included cash-settled contracts across forex, indices, commodities, and cryptocurrencies. The addition of XRP and SOL micro futures reflects growing demand for accessible crypto derivatives, catering to retail investors seeking precise market positioning without the commitment required by larger contracts. Robinhood’s continuous expansion in the crypto futures market underscores its commitment to offering innovative financial instruments tailored to evolving trader needs.