Robinhood plans 24/7 stock trading and 10x crypto perpetual futures

1 hour ago 6 sources positive

Key takeaways:

  • Robinhood's 0.01% perp fees could spark a US fee war, pressuring Coinbase and offshore exchanges.
  • 10x BTC/ETH versus 3x altcoin caps reveals regulators' caution, but leverage still poses liquidation risks.
  • HYPE's inclusion signals institutional appetite for DeFi tokens, aligning with Citi's $5.5T tokenization forecast.

Robinhood announced on September 29 that it plans to launch crypto perpetual futures for eligible U.S. customers, alongside preparations for 24/7 weekend trading in selected U.S. stocks and ETFs. The crypto derivatives product is expected to arrive in the coming months and will initially support eight assets: BTC, ETH, SOL, XRP, DOGE, ADA, LINK and HYPE.

Bitcoin and Ether contracts will offer leverage of up to 10x, while the other six assets will be capped at 3x. The contracts will have no expiration date, and Robinhood said traders will be able to place stop-loss and take-profit orders, monitor liquidation prices in real time, and receive alerts when positions are at risk. CEO Vlad Tenev described the product on X as “America’s first true perps,” adding that profit and loss will be settled every 15 minutes.

Robinhood plans to charge 0.01% per trade through the end of 2026. The product will be offered by Robinhood Derivatives, a CFTC-registered futures commission merchant and NFA member, through infrastructure from Bitstamp following Robinhood’s $200 million acquisition of the exchange in June 2025.

The announcement follows a clearer U.S. regulatory route for crypto perpetuals. On May 29, the CFTC approved KalshiEX’s BTCPERP contract and issued a policy statement that other crypto perpetual contracts should generally go through case-by-case review.

Robinhood is also preparing weekend stock trading for early 2027, pending regulatory review. The service will extend its existing 24 Hour Market and begin with a curated list of equities and ETFs, using Bruce ATS as the trading venue. Robinhood noted that after overnight weekday trading launched in 2023, as much as 25% of daily volume on the busiest days was occurring outside standard hours.

Wall Street is drifting toward always-on markets, with Coinbase’s derivatives chief Liz Martin highlighting 24/7 futures activity and Citigroup’s Tokenization 2030 report forecasting that the tokenized asset market could grow from $17 billion to $5.5 trillion by 2030. Robinhood cautioned, however, that extended trading can bring lower liquidity, higher volatility, and wider spreads.

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