Markets
Why are commodity perps based on ETFs (GLD, SLV, USO) rather than futures?
We aligned our perp offering with Robinhood’s tokenized stock offering (which includes GLD, SLV and USO) at launch.
We believe this makes for a more intuitive experience for end users, and makes it easier to manage basis trades (and, eventually, loan margin) on the platform.
We are considering introducing futures-based perps in the future but don’t have a timeline yet.