Robinhood Expands Perpetual Futures Offering, Targets UK Crypto Market

Robinhood has expanded its perpetual futures offering in Europe to include commodities and other markets. The platform now offers trading with leverage of up to 10 times and round-the-clock access for eligible European investors.

The expansion comes as Robinhood plans to launch crypto trading in the UK, part of a broader effort to build an all-in-one investing platform in the region.

Rounding out the company's recent announcements is its entry into Canada through the acquisition of WonderFi and receipt of a capital markets services license in Singapore. The expansion aims to reduce the company's reliance on trading activity, following weaker-than-expected transaction revenue for the first quarter amid crypto-driven volatility.