INSUBCONTINENT EXCLUSIVE:
Digital brokerage Robinhood has launched micro futures contracts for Bitcoin (BTC), Solana (SOL), and XRP (XRP), giving crypto traders the
ability to trade derivatives with significantly lower capital requirements.The new offering was officially unveiled in the United States on
RobinhoodRobinhood, which has more than 25 million funded customer accounts, announced its entry into crypto futures in January
cryptocurrency trading began in 2018
Since then, its footprint in the sector has expanded.Related: US futures hit record high, setting Bitcoin up for new peak: AnalystsOne way
Robinhood has strengthened its crypto offerings is through strategic acquisitions of major players in the space.Earlier in June, the company
announced it had completed a $200 million acquisition of crypto exchange Bitstamp, and with it, secured more than 50 licenses and
registrations worldwide in the process.After reaching an initial agreement in June 2024, Robinhood officially finalized its acquisition of
WonderFi owns Bitbuy and Coinsquare, collectively managing billions of dollars in customer assets.These deals reflect the growing M&A
$1.25 billion takeover of prime broker Hidden Road.Large M&A deals highlight a growing consolidation trend in the crypto industry, with
several companies struggling with challenging macroeconomic conditions and jittery markets, according to Santora lending head Patrick
These factors are partly responsible for the notable downturn in crypto venture capital deals, with only 62 deals completed in May,
according to RootData.Related: Crypto VC deals hit 2025 low despite $909M raised in May
