REALITY CHECK | Robinhood’s Potential Single-Stock Perps Launch Draws Over 90% User Interest, Reveals Mizuho Survey
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Robinhood Markets could expand its trading business with single-stock perpetual futures with a Mizuho survey finding that 94% of more than 600 active users would likely trade the contracts. The survey also found that 84% of respondents would fund the activity mostly or entirely with new money suggesting the product could generate incremental trading activity rather than simply shift volume away from existing stock trading. Mizuho reiterated its Outperform rating and $140 price target on Robinhood describing a potential launch as a strong positive for the company.
Source: BitKE
