Robinhood Markets could expand its trading business into single-stock perpetual futures, with a survey conducted by Mizuho finding that 94% of more than 600 active users said they 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 shifting volume away from Robinhood's existing stock trading business. For brokerages whose revenue tracks trading activity, that distinction between recycled and incremental volume is a central measure of what a new product actually contributes.

Mizuho reiterated its Outperform rating and $140 price target on Robinhood, describing a potential launch as a strong positive for the company.

Robinhood has not confirmed plans or a launch timeline for single-stock perpetual futures, leaving the potential revenue contribution uncertain. Whether the productizes — and in which jurisdictions — remains the key detail to watch.

Perpetual futures are derivative contracts with no expiration date that allow traders to hold leveraged long or short positions indefinitely, with funding-rate mechanics keeping contract prices anchored to the underlying asset. Because positions are leveraged and open-ended, they can compound gains and losses over time, while funding payments can add to or erode returns the longer a trade is held. The structure is widely used in cryptocurrency markets, and applying it to individual equities would bring a format popular on crypto venues to single-name stocks. Robinhood, a commission-free brokerage founded in 2013 that listed on the Nasdaq under the ticker HOOD in July 2021, already offers crypto perpetual futures to eligible customers in the European Union, a product line it introduced in late 2024 — operational experience that would carry over directly if the company moved ahead with single-stock versions.

Tokenized Market Context

The Mizuho findings come as tokenized versions of traditional assets expand rapidly. A recent Dune report revealed that tokenized real-world assets reached $34.5 billion in value in August 2026, up more than 140% from a year earlier, although trading activity increasingly shows that on-chain markets do not necessarily behave like the traditional assets they represent.

Within tokenized equities, single stocks accounted for 81% of supply, compared with 19% for exchange-traded funds, suggesting investors on-chain are showing a stronger preference for individual companies than for diversified funds. A single-stock derivatives product would be aimed squarely at that same appetite for individual names, pairing a leveraged trading format from crypto venues with the segment of the tokenized market where interest is already concentrated.

Source: BitcoinKE