Robinhood has launched micro XRP and SOL futures contracts.

Techub News reports that according to The Block, Robinhood has launched micro futures contracts for XRP and SOL, as well as a micro version of its existing Bitcoin Friday futures.

Micro futures are smaller-sized futures contracts that allow traders to speculate or hedge against price movements of assets such as stock indices, commodities, or currencies. Compared to standard futures, they require less capital and carry lower risk. Robinhood started launching its forex, index, commodity, and cryptocurrency futures products earlier this year. Its first batch of cryptocurrency futures are all cash-settled, including Bitcoin futures, micro Bitcoin futures, Bitcoin Friday futures, and Ethereum futures. Later, Robinhood expanded to XRP and SOL futures.