Robinhood to launch US perpetual crypto futures on Bitstamp rails, LIT drops 15%
- —Robinhood will open perpetual crypto futures to eligible US clients, no launch date given
- —Bitstamp, bought by Robinhood for $200 million last June, will provide the infrastructure
- —LIT fell more than 15% in 24 hours and dropped below $4
- —Leverage up to 10x for BTC and ETH, up to 3x for SOL, LINK and ADA
Why it matters: Robinhood deepens its US crypto derivatives push, while dropping Lighter hits the LIT token and its ecosystem.
Source: Uzmancoin
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