Robinhood to launch futures trading across five major asset classes, including Bitcoin, and the CME Group platform will act as the supplier of the above products.
The press release stated that the platform’s clients will gradually gain access to trading futures on Bitcoin and other products in the near future. Products include metals, stock indices, energies, currency pairs and crypto assets, including Bitcoin и эфириум (ETH).
The commission fee for Gold category clients will be $0,5. For other users, it will presumably be no more than $0,75. It should be noted that the project representatives promised to implement the above-mentioned futures in the fall of 2024, but instead presented the Robinhood Legend platform, which includes the entire set of tools necessary for traders and investors.
Demand for futures has surged as a new generation of independent traders seeks diversified investment opportunities, according to the developers.
CME Group Chief Commercial Officer Julie Winkler said expanding retail access to futures trading is an integral step in educating and empowering the next generation of investors.
The company looks forward to working with Robinhood to continue to provide the products and resources needed to reach the most important markets, the chief commercial officer concluded.