Robinhood is evaluating the option of adding cryptocurrency futures to its platform in the United States and Europe, although concrete details about the launch timing have not been disclosed publicly.

According to a report from Bloomberg News, Robinhood is contemplating entering the cryptocurrency futures market in the U.S. and Europe in the foreseeable future. The app, known for its commission-free trading model, is planning to capitalize on Bitstamp's licenses, as it moves forward with the acquisition of the crypto exchange in a significant $200 million transaction set to conclude next year.

The proposed strategy includes the introduction of Bitcoin (BTC) and Ether (ETH) futures based on CME in the U.S. market. However, Robinhood has clarified that while discussions are ongoing, there are no immediate plans for the rollout of these futures, indicating a possibility of future modifications.

Pluto

This strategic decision comes on the heels of Robinhood's recent acquisition of Pluto Capital, an artificial intelligence research platform designed to enhance investment strategies and analytical capabilities for its users. By integrating Pluto Capital into its operations, Robinhood aims to offer personalized investment advice to its clients.

With the acquisitions of Pluto Capital and the impending takeover of Bitstamp, Robinhood is expanding its crypto services to cater to a broader audience, including retail and institutional investors. In addition to its existing services, which now encompass crypto trading, retirement products, and credit cards, the company is focused on assisting individual investors in managing their crypto assets optimally.

Robinhood has not disclosed a concrete start date for the launch of the futures trading service, leaving stakeholders eager for more information on this upcoming development.