Robinhood, the commission-free trading platform, is reportedly planning to offer cryptocurrency futures in the U.S. and Europe. This strategic move is part of the company’s broader ambition to enhance its crypto services and cater to both retail and institutional clients.

According to Bloomberg News, Robinhood aims to introduce Bitcoin (BTC) and Ether (ETH) futures based on CME in the U.S. However, specific details and an official launch date are yet to be announced. The discussions are ongoing, and final plans may still change.

Leveraging Bitstamp Acquisition

Central to Robinhood’s strategy is its planned acquisition of Bitstamp, a well-known cryptocurrency exchange. The $200 million deal is expected to close next year, and Robinhood intends to utilize Bitstamp’s licenses to facilitate its entry into the futures market.

Enhancing Investment Strategies with Pluto Capital

In a bid to provide more tailored investment strategies, Robinhood has recently announced the acquisition of Pluto Capital, an artificial intelligence research platform. This acquisition aims to enhance Robinhood’s analytical capabilities and offer users more personalized investment insights.

Broader Expansion into Financial Services

This move into cryptocurrency futures is part of Robinhood’s broader strategy to expand its range of services. The company has already ventured into crypto trading, retirement products, and credit cards, aiming to cater to a diverse clientele.

By launching crypto futures, Robinhood hopes to attract a broader spectrum of investors and solidify its presence in the rapidly growing cryptocurrency market. However, the exact timeline for the launch remains uncertain, and further updates are anticipated.