One of many largest retail buying and selling platforms on the planet is contemplating launching crypto futures for patrons within the US and Europe.
In line with a brand new Bloomberg report, Robinhood is providing crypto futures buying and selling within the US and European markets, however doesn’t have a particular timeline to take action.
Mentioned a Robinhood spokesperson, in response to the report:
“We now have no imminent plans to launch these choices.”
Final month, Robinhood acquired the crypto alternate Bitstamp. As acknowledged by Johann Kerbrat, Robinhood’s common supervisor of crypto,
“The acquisition of Bitstamp is a serious step in rising our crypto enterprise. Bitstamp’s extremely trusted and long-standing international alternate has proven resilience by market cycles.
By seamlessly coupling buyer expertise with security throughout geographies, the Bitstamp workforce has established one of many strongest reputations throughout retail and institutional crypto traders.
By this strategic mixture, we’re higher positioned to increase our footprint exterior of the US and welcome institutional clients to Robinhood.”
In Could, the Securities and Alternate Fee (SEC) issued Robinhood a Wells Discover, or a warning that the company plans on taking authorized enforcement motion in opposition to them. On the time, Dan Gallagher, chief authorized, compliance, and company affairs officer at Robinhood Markets, Inc., stated that Robinhood doesn’t promote any belongings which can be thought of securities.
“We firmly imagine that the belongings listed on our platform usually are not securities and we look ahead to participating with the SEC to clarify simply how weak any case in opposition to Robinhood Crypto could be on each the details and the regulation.”
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