Robinhood Lists Bitcoin Event Contracts Around $62,400 July 4 Price

2 articles · Updated · robinhood.com · Jul 4

Robinhood Derivatives is offering event contracts on Bitcoin’s price at 2 a.m. EDT on July 4, with listed strike levels from $62,300 to $62,700 and payouts of $1 per winning contract.
Prices shown in the market implied higher odds for lower thresholds: $62,300 or above traded at 95 cents, $62,400 at 75 cents, $62,500 at 39 cents, $62,600 at 18 cents and $62,700 at 5 cents.
The contract will resolve using CF Benchmarks’ Real Time Index, averaging 60 readings collected in the final minute before expiration; payouts usually arrive within an hour.
Trading runs 24 hours a day except Thursdays from 3 a.m. to 5 a.m. ET, and Robinhood says exchange employees and anyone with material non-public information cannot trade.