Robinhood is introducing crypto perpetual futures to its United States users, offering up to 10x leverage on both Ether and Bitcoin. Nicola White, the vice president of institutional crypto at Robinhood, discusses the roles played by the CFTC no-action letter, Robinhood Derivatives, and the Bitstamp exchange in making this launch a reality, while also sharing the company’s vision for continuous, round-the-clock markets.
Chapters:
0:00 Robinhood’s Hood Summit: 24/7 Stock Trading and US Crypto Perps
0:40 Why Robinhood Wants Markets That Never Close
1:32 Bitstamp Perps and the CFTC No-Action Letter
2:19 Tokenized Stocks, the Basis Trade, and the Path for US Perps
3:20 Bitstamp’s Volume and the Retail–Institutional Merger
4:54 What Institutions Want to Do With Bitcoin
6:00 Institutional Bitcoin Depth and Large Block Trades
6:49 AI Trading Agents and Robinhood’s Sub-Account Controls
8:29 Lessons From the 2022 Meltdown and US Leverage Limits
10:12 How Bitcoin Changes Finance in 10 Years and What’s Next for Tokenized Stocks
Frequently Asked Questions
What crypto products is Robinhood launching for US customers?
Robinhood is rolling out crypto perpetual futures with up to 10x leverage on Bitcoin and Ether.
Who is Nicola White?
Nicola White serves as the vice president of institutional crypto at Robinhood.
What key elements enabled the new perps offering?
The rollout was facilitated by Robinhood Derivatives, the Bitstamp exchange, and a CFTC no-action letter.
What is one of Robinhood’s main goals for financial markets?
Robinhood aims to create markets that remain open all the time.
