Robinhood will launch Bitcoin and Ethereum perpetual contracts in the United States with up to 10 ti

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Robinhood推出比特币和以太坊永续合约，面向美国客户提供最高10倍杠杆

Robinhood宣布正式推出针对美国客户的加密货币永续合约产品，进一步扩展其数字资产服务矩阵。该服务允许交易者使用高达10倍的杠杆交易比特币（Bitcoin）和以太坊（Ether）。这一举措标志着公司在提供传统上仅面向机构投资者的先进交易工具方面迈出了重要一步。

监管进展与战略合作

永续合约的推出得益于Robinhood在获取监管批准方面的持续努力。其中包括获得美国商品期货交易委员会（CFTC）的“不采取行动函”（no-action letter），从而有效降低了公司面临的潜在合规风险。Robinhood机构加密业务副总裁Nicola White指出，监管环境的清晰度在这一新产品的推进过程中起到了关键作用。

Robinhood与Bitstamp的合作成为决定性因素。通过整合Bitstamp的交易基础设施，公司得以高效管理这些衍生品的交易。同时，Robinhood Derivatives平台的开发旨在为零售客户和专业投资者提供无缝的用户体验。这种联合策略使Robinhood能够将带有杠杆的永续合约引入美国市场，尽管此类产品在该地区历来受到严格限制。

Nicola White emphasized the importance of the all-weather market, reflecting the growing demand from retail and institutional investors for 24/7 non-stop trading. "We see the industry's urgent need for an 'always-on' market, especially because the cryptocurrency market has no closing bell and trading never stops." she said.

Responding to demand and product innovation

The company observes that the interests of retail and institutional investors are converging. As large investors seek deeper liquidity to conduct large block transactions, the market's demand for deep liquidity has become increasingly significant. In addition, Robinhood highlighted the focus on sub-account control capabilities, which is particularly important for institutional clients who want to allocate capital or manage strategies across multiple accounts.

In this context, institutional clients are actively exploring advanced trading strategies, including the use of artificial intelligence trading agents and innovative products such as tokenized stocks. Robinhood believes that the expansion of the crypto derivatives market will give U.S. investors access to risk management tools common in other markets, while complying with leverage limits based on lessons learned from past market volatility.

The convergence of retail and institutional interests has created a demand for continuous markets and deeper liquidity, while institutional clients focus on block trading and advanced sub-account control capabilities to support their evolving trading strategies.

Drawing on lessons learned from the market turmoil in 2022, Robinhood said it had adopted stricter leverage controls and enhanced transparency. The company aims to meet the growing market demand for complex financial products while managing risk responsibly.

Market integration and the evolution of trading habits

With the rapid changes in the trading environment and macroeconomic situation, the importance of real-time tools has become increasingly prominent. In a market where a Federal Reserve policy decision or the sudden launch of altcoins can change everything in seconds, the operational friction of switching between multiple apps to get news, track portfolios and analyze prices has become a pressing issue for retail and institutional investors.

Smart traders are now turning to privacy-centered solutions such as CryptoAppsy. The platform integrates real-time charts, customized news, portfolio overviews and macroeconomic data into one interface. Users can set price alerts and receive updates for specific assets without having to register an account, resulting in a more decisive and responsive trading experience.

Looking to the future, Robinhood's strategy around tokenized stocks and innovative financial products is consistent with the general trend of reshaping digital finance. As the company continues to explore new ways to expand its crypto and equity products, institutional participation in the crypto space is expected to increase further, especially as derivatives access and continuous trading become industry standards.