Robinhood Launches Micro Futures Contracts for XRP and Solana

On the 27th, U.S. digital securities giant Robinhood announced the launch of micro futures contracts for XRP and Solana. The company has also introduced a micro version of its existing Bitcoin Friday futures, further expanding its lineup of cryptocurrency derivative products. Micro futures are smaller than standard futures contracts, allowing for speculation and hedging against price fluctuations in stock indices, commodities, and currencies with lower capital requirements and reduced risk. This setup enables traders to more conveniently trade asset price volatility. Since the beginning of the year, Robinhood has been rolling out futures products for foreign exchange, indices, commodities, and cryptocurrencies. The initial cryptocurrency futures were for Bitcoin, ...