Robinhood plans Solana perpetual futures with 3x leverage for eligible U.S. customers

  • Robinhood plans Solana perpetual futures for eligible U.S. customers.
  • Solana traded at $122 on October 2, up 65% over two months.
  • CME Group launched Solana futures on March 17, 2025.

Robinhood Markets plans to offer Solana perpetual futures (contracts without expiration dates) to eligible U.S. customers, expanding leveraged trading access for SOL. The announcement came at the HOOD Summit on September 29, 2026, alongside planned futures for Bitcoin, Ethereum and XRP, with the new contracts expected to launch in the coming months. Solana was trading at $122 as of October 2, up 65% over two months but down 45% from a year earlier. Robinhood permits up to 3x leverage on Solana and six other cryptocurrencies, compared with 10x for Bitcoin and Ethereum. Perpetual futures use funding payments to keep contract prices aligned with the underlying market, while gains and losses are settled in cash every 15 minutes. The contracts can increase trading activity and create liquidation-driven volatility without changing the amount of SOL held by owners. CME Group has listed Solana futures since March 17, 2025. U.S. Solana ETFs recorded $188 million in inflows in the week ended September 25, following 12 consecutive weeks of positive inflows through September 19. The article concludes that ETF flows may provide a clearer indication of new investment than futures activity. A decline below $118 combined with ETF outflows could indicate liquidations and additional price pressure, while the 3x cap limits Robinhood's potential impact relative to its Bitcoin and Ethereum products.

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