Robinhood is listed in Memecoins Pengu (Pengu), PNUT (PNUT) and Popcat (Popcat) While online brokerage doubles the cryptocurrency trade, it said on March 13.
The lists have marked Robinhood’s latest efforts to expand crypto offerings and compete with the incumbent exchange Coinbase.
Memecoin Trading has become a major battlefield as rivals – including Coinbase and Binance.us – Speed up new coin lists After the November election election win Donald Trump.
Robinhood is listed by new memecoins. Source: Robinhood
Related: Tips on Robinhood Singapore Launch, Touts Memecoin Interest: Report
Strong demand
In February, Robinhood Crypto said its customers showed Strong demand for more memecoin Trade options.
In addition to the newly launched coins, Robinhood Dogecoin lists (Doge), the largest memecoin by market capitalization. This is it too Crypto Futures trading launched In January.
“We don’t want to make decisions for the customer but if customers are asking for something and we think we have a way to offer it safely, we will do it,” Johann Kerbrat, Vice President and General Manager of Robinhood Crypto, Reported Bloomberg said.
Robinhood, known as a stock trading platform, has invested so much in crypto products since last year.
In February, online brokerage reported a 700% year-on-year Jump with crypto revenues.
The win in Trump’s election and rising market price Fueled in full-board increase in crypto trading in the fourth quarter of 2024.
Robinhood changes to trade volumes for equities, contract and crypto options. Source: Robinhood
Returning to regulation
Trump-who has promised to make America “Crypto Capital Capital” —a appointing the leadership that is friendly to the industry in key regulation positions.
In February, the US Securities and Exchange Commission said Most Memecoins do not qualify as security And thus does not fall under the regulators of the regulators.
It was a stark reversal from its stance under Joe Biden’s administration when former SEC Chair Gary Gensler said he thought most of the cryptocurrencies were developing security.
In the same month, the agency dropped an action that implements against Robinhood For alleged security law violations tied to the crypto trading platform.
X Hall of Flame: Memecoins will die and Defi will rise again – Sasha Ivanov
