Did a New Perpetual Futures Deal Just Make Robinhood a Screaming Buy?
Yahoo Finance ·
On July 1, Robinhood Markets ( HOOD 3.96% ) launched its new Layer-2 blockchain, Robinhood Chain. Its Robinhood Wallet also began routing perpetual futures -- leveraged crypto derivatives with no expiration date -- through Lighter ( LIT 11.82% ) , a decentralized crypto exchange that launched last December. Lighter's token spiked on the news as did Robinhood's stock. So is Robinhood a screaming buy now that it has a platform for handling one of the most popular types of derivatives right now?
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