Robinhood Expands European Perpetual Futures to Include Commodities and ETFs
Robinhood has broadened its perpetual futures offerings for European customers, moving beyond crypto to include gold, oil, ETFs, and forex pairs with up to 10x leverage.
Robinhood announced on July 1 that it is expanding its perpetual futures platform in Europe. The retail trading firm now allows eligible customers to trade traditional assets, including gold, crude oil, foreign exchange pairs like EUR/USD, and ETFs such as QQQ and EWY.
These new perpetual futures contracts offer up to 10x leverage and are available for trading 24/7. Perpetual futures allow users to speculate on asset prices without ownership, utilizing funding rates to keep contract prices aligned with the underlying spot market.
This move follows the company's initial launch of crypto-based perpetual futures. Robinhood previously introduced perps for Bitcoin and Ethereum, later expanding to include XRP, DOGE, SOL, and SUI with up to 7x leverage. The platform reported that crypto perps became one of its fastest-growing products following their introduction in the region.
The expansion is part of a wider international strategy for Robinhood. The company is currently pursuing crypto trading services in the UK, has entered the Canadian market via the acquisition of WonderFi, and is seeking a capital markets service license in Singapore.
In addition to its trading platform, Robinhood is developing Robinhood Chain, a Layer-2 blockchain intended for tokenized assets that is currently preparing for a public mainnet launch. Furthermore, Robinhood Wallet users in certain regions can access decentralized perpetual futures through the Lighter exchange, which features incentive structures linked to the $LIT token.
