Robinhood is set to launch futures trading for Bitcoin and other assets, including the S&P 500 and oil, expanding beyond its traditional stock trading. This initiative comes as the online brokerage aims to diversify its offerings, having previously introduced cryptocurrency trading in 2018. In addition to Bitcoin futures, Robinhood plans to add support for futures tied to Ether. The move appears to position Robinhood against established players in the market, such as CME Group and Coinbase Derivatives Exchange, particularly as demand for Bitcoin futures has been strong with open interest nearing $65 billion. Analysts suggest that this step might bolster Robinhood's standing in the crypto trading sphere against competition, with predictions that it could rival Coinbase by the end of 2025. Futures contracts are essential for hedging and speculative strategies, making them attractive to institutional investors and traders alike.

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