Robinhood announced plans to launch in-app perpetual futures trading for eligible U.S. users in the coming months, expanding its crypto derivatives footprint. The new perps will allow long and short positions on bitcoin (BTC), ether (ETH), Solana (SOL), XRP, Dogecoin (DOGE), Cardano (ADA), Chainlink (LINK), and Hyperliquid (HYPE).
The platform will offer up to 10x leverage on BTC and ETH perpetuals and up to 3x leverage on the other supported perpetual futures. Robinhood said the offering will be supported by Bitstamp and will charge 0.01% per trade through the end of the year. Traders will be able to set stop-loss and take-profit orders, track liquidation prices in real time, and receive alerts if a position is at risk. CEO Vlad Tenev called it "America's first true perps" with no expiry and P&L settled every 15 minutes, describing the launch as a "new chapter for U.S. derivatives."
Robinhood also announced plans for 24/7 trading in select U.S. equities, pending regulatory review. This builds on its existing "24 Hour Market," which currently runs from Sunday 8pm ET through Friday 8pm ET. The expanded weekend trading would begin with a curated list of stocks and ETFs and be supported by Bruce ATS, an institutional-grade alternative trading system.
In addition, Robinhood introduced Robinhood Agents, letting users build AI agents inside the app to develop strategies, run research, or trade automatically. The company said more than 150,000 users have opened agentic trading accounts since its May launch, with agents using Robinhood tools nearly 30 million times a day.
Separately, Ondo Perps is exploring a possible U.S. entry for regulated perpetual futures. CEO David Wells said the U.S. represents a "huge opportunity," but any domestic product would differ from the platform available to non-U.S. traders because settlement and clearing rules require a separate structure. He did not confirm a U.S. launch or provide a timeline.
The broader U.S. perpetual futures landscape is taking shape. Coinbase filed with the CFTC on September 18 to list single-stock perpetual futures, and Kraken parent Payward has proposed access to Hyperliquid HIP-3 markets through regulated U.S. partners, using Bitnomial Exchange and NinjaTrader Clearing subject to regulatory approval. Ondo Finance has argued that equity perpetual contracts can fit existing U.S. security futures rules and submitted letters to the SEC and CFTC citing the Commodity Futures Modernization Act of 2000. Recent CFTC guidance on tokenized assets may also shape onchain market infrastructure, according to the report.
