Robinhood Begins US Crypto Perps Rollout With Up to 10x Leverage

Robinhood began rolling out crypto perpetual futures to U.S. traders on Sept. 29, announcing eight supported assets and leverage of up to 10 times. The contracts have no expiration dates, allowing customers to take leveraged long or short positions without periodically replacing expiring futures.

“Perps are now rolling out for US traders,” the company said on X. Its HOOD Summit announcement lists $BTC, $ETH, SOL, XRP, DOGE, ADA, LINK and HYPE, with up to 10x leverage for $BTC and $ETH and 3x for the other six. The company says eligible U.S. customers will gain access inside the app in the coming months.

The rollout extends a product Robinhood initially announced for European customers to its U.S. audience. When Robinhood unveiled its European perpetuals offering in June 2025, its crypto executive Johann Kerbrat told The Defiant the company was waiting for regulatory approval to bring perpetuals to the United States.

Robinhood says the new contracts trade around the clock and are offered by Robinhood Derivatives through Bitstamp. Its product disclosure identifies Robinhood Derivatives as a futures commission merchant registered with the Commodity Futures Trading Commission and a member of the National Futures Association. That identifies the customer-facing intermediary; the launch announcement does not specify the U.S. exchange and clearing entities behind Bitstamp’s role or state-by-state eligibility.

No Expiry, Rather Than a Distant Expiry

U.S. retail traders already have access to perpetual-style products. Coinbase launched $BTC and $ETH perpetual-style futures through Coinbase Financial Markets on July 21, 2025. Those contracts have five-year expiration dates and launched with up to 10x intraday leverage.

Robinhood’s stated no-expiry design differs from those long-dated contracts. It removes a scheduled expiration, but not the risk of a position being closed through liquidation. Robinhood says customers can track their liquidation price in real time, receive risk alerts and set stop-loss and take-profit orders.

The company warns that losses can exceed the initial investment and that Robinhood Derivatives accounts are not FDIC insured or SIPC protected. Robinhood says it will charge one basis point, or 0.01%, per trade through the end of 2026.