Robinhood has listed memecoins Pengu (PENGU), Pnut (PNUT) and Popcat (POPCAT) as the online brokerage doubles down on cryptocurrency trading, it said on March 13.
The listings mark Robinhood’s latest effort to expand its crypto offerings and compete with incumbent exchange Coinbase.
Memecoin trading has become a key battleground as rival exchanges — including Coinbase and Binance.US — accelerate new coin listings after US President Donald Trump’s November election win.
Robinhood listed new memecoins. Source: Robinhood
Related: Robinhood tips Singapore launch, touts memecoin interest: Report
Strong demand
In February, Robinhood Crypto said its customers had shown strong demand for more memecoin trading options.
In addition to its newly launched coins, Robinhood lists Dogecoin (DOGE), the largest memecoin by market capitalization. It also launched crypto futures trading in January.
“We don’t want to make decisions for the customer but if customers are asking for s
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