Overview
Robinhood on Wednesday said it will expand its perpetual futures product offering in Europe beyond digital assets and will introduce crypto trading in the United Kingdom. The company also unveiled a new stablecoin lending product for eligible U.S. users and disclosed progress on its international expansion.
Perpetual futures expansion
Eligible investors in Europe will be able to trade perpetual futures linked to a wider set of underlying markets, the company said. The new lineup includes contracts tied to commodities, exchange-traded funds and foreign exchange pairs. Examples cited by the firm include gold, silver, crude oil and the euro-dollar pair. These contracts will offer leverage of up to 10 times and will be available for trading around the clock.
Perpetual futures - often called "perps" - are futures contracts without a fixed expiration date. The product class has attracted attention in the United States after the Commodity Futures Trading Commission in May permitted their trading on domestic exchanges.
Crypto in the U.K. and Robinhood Earn
Separately, Robinhood said it plans to roll out cryptocurrency trading in the United Kingdom as part of an effort to build an integrated investing platform for the region.
The company also launched Robinhood Earn, a lending product that enables eligible U.S. customers to lend their dollar-backed stablecoin, USDG, through a self-custody wallet. Robinhood estimated an annualized return of about 7 percent for participants.
Robinhood said Robinhood Earn includes insurance that covers certain losses resulting from cyberattacks or smart-contract exploits. The coverage is arranged through Lloyd's of London and RELM.
International moves and business context
Robinhood announced it has entered Canada following its acquisition of WonderFi and has obtained a capital markets services licence in Singapore. The trading platform serves more than 28 million customers across 38 countries, and the company has broadened its financial services offerings in recent years to reduce dependence on trading activity.
Robinhood also reported weaker-than-expected transaction revenue for the first quarter, attributing that shortfall in part to crypto-driven volatility.
Additional note
The public discussion around whether to buy HOOD includes services such as ProPicks AI, which the article referenced as evaluating HOOD monthly against numerous alternatives using multiple financial metrics. The original text cited examples of other stocks that ProPicks AI previously identified, but did not provide further verification within this report.