Robinhood announced the launch of Bitcoin and Ethereum futures contracts alongside traditional assets like oil and the S&P 500 to attract seasoned traders. This expansion is part of the company's broader strategy to compete with established brokers such as Charles Schwab and E*TRADE. At the HOOD Summit 2024, Robinhood also unveiled its new desktop platform, Robinhood Legend, designed for active traders with advanced tools and low fees. The platform will offer features like index options trading, customizable layouts, and real-time data to enhance trading efficiency. The move is seen as a response to the rising demand for more sophisticated trading capabilities among retail investors. Robinhood's recent initiatives, including acquiring Bitstamp and launching a credit card, reflect its ongoing transition into a comprehensive financial services provider.