Updated

Updated · robinhood.com · Aug 16

Robinhood Derivatives Launches XRP Event Contracts With 99-Cent and $1.01991 Price Targets

Updated

Updated · robinhood.com · Aug 16

Robinhood Derivatives Launches XRP Event Contracts With 99-Cent and $1.01991 Price Targets

Q: Did the final 60-second CF Benchmark average trigger a surprise payout for Robinhood's August 15 XRP event contracts?

There is no verified evidence yet that Robinhood’s Aug. 15, 2026 10 p.m. EDT XRP event contracts produced a surprise payout. What is clear is how the contracts were supposed to settle. Robinhood said the outcome would be based on the simple average of CF Benchmarks’ XRP Real-Time Index over the final 60 seconds before 10 p.m. EDT. Each strike would pay $1 only if that average met or exceeded the threshold at expiration; if benchmark data were missing or incomplete, the affected contracts would automatically resolve to “No.” The available material strongly suggests the key action was around the $1 area, not the lower sub-30 cent strikes, which were effectively certain to pay if normal data existed. Screens from related Robinhood XRP markets on Aug. 15 show thresholds such as $0.99991, $1.0008, and $1.01991, with XRP hovering very close to $1.00 during the day. One Robinhood prediction-market snapshot tied to the same date showed the “$0.25991 or above” contract at 99%, implying traders saw the low strikes as virtually guaranteed rather than surprising. But the searched content does not provide the actual final 60-second CF Benchmarks average for 9:59 p.m. to 10:00 p.m. EDT, nor Robinhood’s final official resolution for each 10 p.m. strike. Without that settlement print, it is not possible to say that a surprise payout was triggered. The best-supported answer is that no surprise payout has been demonstrated by the available evidence.

3 articles · Updated · robinhood.com · Aug 16

Robinhood Derivatives is offering event contracts tied to XRP’s price at 10 p.m. EDT on Aug. 15, 2026, paying $1 per correct contract or allowing traders to exit earlier.
The listed strikes include $0.25991 or above at 99 cents, $0.99991 or above at 56 cents, and $1.01991 or above at 1 cent, alongside lower inactive thresholds.
CF Benchmarks’ Real-Time Index will determine the outcome using a simple average over the 60 seconds before the target time; if data is missing or incomplete, affected strikes resolve to No.
The contracts trade nearly 24 hours a day except Thursdays from 3 a.m. to 5 a.m. ET, and Robinhood says additional fees, eligibility limits and trading prohibitions apply.
The listing expands Robinhood’s crypto prediction-style offerings, which also include contracts linked to Bitcoin, Ether and Dogecoin price milestones.