Robinhood Derivatives Launches ETH Price Market With $1 Payout per Correct Contract
Updated
Updated · robinhood.com · Aug 25
Robinhood Derivatives Launches ETH Price Market With $1 Payout per Correct Contract
3 articles · Updated · robinhood.com · Aug 25
Summary
Robinhood Derivatives is offering an event contract on Ethereum’s price at 4 p.m. EDT on Aug. 25, 2026, with traders picking a specific price band rather than a simple up-or-down move.
Each winning contract pays $1, while listed bands included $2,465-$2,469.99 at 26 cents, $2,460-$2,464.99 at 19 cents and $2,470-$2,474.99 at 17 cents.
The contract resolves using CF Benchmarks’ Real Time Index, averaging 60 readings taken in the final minute before expiration instead of relying on exchange quotes such as Coinbase or Google data.
Trading runs 24 hours a day except from 3 a.m. to 5 a.m. ET on Thursdays, and Robinhood says additional fees, eligibility limits and insider-trading prohibitions apply.
Why did Robinhood abandon major exchange quotes for a complex 60-second index to settle its new Ethereum contracts?
Could Robinhood's booming Layer-2 network and new event contracts be the hidden catalyst driving Ethereum's long-term relevance?
With prediction markets surpassing crypto revenue, is Robinhood quietly transforming from a traditional investment app into a massive financial casino?