Robinhood begins rolling out crypto perpetual futures in US

Robinhood Markets has started rolling out crypto perpetual futures to eligible U.S. customers earlier than initially planned. At its HOOD Summit on September 29, 2026, the company stated access would arrive in the coming months, but its product status page now indicates the rollout is already under way.

The contracts are offered through Robinhood Derivatives and run on infrastructure from Bitstamp, which Robinhood acquired. The perpetual futures feature leverage of up to 10x on Bitcoin and Ethereum, and up to 3x on other supported tokens. Through December 31, 2026, trading costs total 1 basis point, consisting of a 0.005% commission and a 0.005% venue fee.

Bitstamp represents a significant portion of Robinhood's digital asset operations. In the second quarter of 2026, Bitstamp accounted for 55% of Robinhood's $40 billion in total crypto notional volume. While Robinhood noted that crypto revenue benefited from the acquisition, it does not disclose Bitstamp's standalone revenue contribution, as institutional trading economics carry lower fees than retail activity.

Over the past six months, Robinhood shares have gained 61.6%, compared with a 9.9% increase for its industry peer group. The stock trades at a 12-month trailing price-to-tangible book ratio of 11.71x, above the industry average of 3.04x. Meanwhile, the Zacks Consensus Estimate projects 2026 earnings to rise 3.9% to $2.13 per share, followed by a 32.5% increase to $2.82 per share in 2027, following upward revisions over the last 30 days.