TechFlow reported, citing The Block, that on July 2, in response to rumors that Robinhood Markets was considering launching cryptocurrency futures in the U.S. and Europe, a Robinhood spokesperson told media there are currently no plans to introduce crypto derivatives. Despite its cryptocurrency business receiving a Wells notice from the U.S. Securities and Exchange Commission in early May, Robinhood remains committed to expanding its crypto operations. The company saw a 224% increase in cryptocurrency trading volume during the first quarter of 2024.
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