(Reuters) – Robinhood Markets is considering offering cryptocurrency futures in the U.S. and Europe in the coming months, Bloomberg News reported on Tuesday, citing people familiar with the matter.

The commission-free trading app is hoping to use the licenses of crypto exchange Bitstamp, which it agreed to buy last month in a $200 million deal, once the transaction closes next year, the report said.

It also wants to launch CME-based futures in the U.S. for Bitcoin and Ether.

“We have no imminent plans to launch these offerings,” a spokesperson for the company said in a statement to Reuters.

The company’s crypto business is seeing rapid growth but is also facing regulatory hurdles in the U.S.

Robinhood Crypto was the driving force behind a massive first-quarter earnings beat in May, but the same week it also disclosed that it received a so-called Wells notice from the U.S. securities regulator over tokens traded on its platform.

The notice is issued when the regulator plans to bring enforcement action against a company.

(Reporting by Manya Saini in Bengaluru; Editing by Arun Koyyur)