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Robinhood lists PENGU, POPCAT amid crypto ramp-up
Memecoin listings have been accelerating among US crypto exchanges since President Donald Trump’s election win.
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, 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 something and we feel like we have a way to offer it safely, we will do it,” Johann Kerbrat, Robinhood Crypto’s vice president and general manager, reportedly told Bloomberg.
Robinhood, best known as a stock trading platform, has been investing heavily in crypto products since last year.
In February, the online brokerage reported a 700% year-over-year jump in crypto revenues.
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