Robinhood Markets has expanded trading options for cryptocurrency users in Europe while cutting fees for high-volume traders in the United States. The brokerage platform added perpetual futures contracts for four digital assets in the European Union and restructured its fee system domestically.
What Happened: Platform Expansion
Robinhood introduced perpetual futures pairs for XRP, Solana, Dogecoin and Sui in the European Union.
Eligible traders can access up to 7x leverage on these contracts.
The company restructured its U.S. fee system from three tiers to seven. High-volume traders now pay as low as 0.03% in fees.
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Why It Matters: Revenue Growth
Transaction revenue surged 129% year-over-year in the third quarter. Crypto trading revenue jumped more than 300% during the same period.
Market volatility, including October's flash crash, pushed traders toward regulated platforms. Robinhood enabled Ethereum and SOL staking for New York customers. U.S. users will be able to manually adjust cost basis for crypto deposits starting Dec. 22.
European Union users will gain access to money market funds through partners like J.P. Morgan. They will also be able to trade over 1,000 stock tokens.
Robinhood Markets shares traded 2.3% higher following the announcement.
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