{"id":125016,"date":"2025-03-13T18:15:38","date_gmt":"2025-03-13T18:15:38","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125016"},"modified":"2025-03-13T18:15:38","modified_gmt":"2025-03-13T18:15:38","slug":"robinhood-lists-pengu-popcat-amid-crypto-ramp-up","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125016","title":{"rendered":"Robinhood lists PENGU, POPCAT amid crypto ramp-up"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsRobinhood has listed memecoins Pengu (PENGU), Pnut (PNUT) and Popcat (POPCAT) as the online brokerage doubles down on cryptocurrency trading, it said on March 13.\u00a0<br \/>\nThe listings mark Robinhood\u2019s latest effort to expand its crypto offerings and compete with incumbent exchange Coinbase.<br \/>\nMemecoin trading has become a key battleground as rival exchanges \u2014 including Coinbase and Binance.US \u2014 accelerate new coin listings after US President Donald Trump\u2019s November election win.<br \/>\nRobinhood listed new memecoins. Source: RobinhoodRelated: Robinhood tips Singapore launch, touts memecoin interest: Report<br \/>\nStrong demand<br \/>\nIn February, Robinhood Crypto said its customers had shown strong demand for more memecoin trading options.\u00a0<br \/>\nIn addition to its newly launched coins, Robinhood lists Dogecoin (DOGE), the largest memecoin by market capitalization. It also launched crypto futures trading in January.\u00a0<br \/>\n\u201cWe don\u2019t 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,\u201d Johann Kerbrat, Robinhood Crypto\u2019s vice president and general manager, reportedly told Bloomberg.\u00a0<br \/>\nRobinhood, best known as a stock trading platform, has been investing heavily in crypto products since last year.\u00a0<br \/>\nIn February, the online brokerage reported a 700% year-over-year jump in crypto revenues.\u00a0<br \/>\nTrump\u2019s election win and rising market prices fueled across-the-board increases in crypto trading in the fourth quarter of 2024.<br \/>\nRobinhood\u2019s change in trading volumes for equities, options contracts and crypto. Source: RobinhoodRegulatory reversal<br \/>\nTrump \u2014 who has promised to make America the \u201cworld\u2019s crypto capital\u201d \u2014 has appointed industry-friendly leadership to key regulatory positions.\u00a0<br \/>\nIn February, the US Securities and Exchange Commission said most memecoins do not qualify as securities and thus do not fall under the regulators\u2019 jurisdiction.\u00a0<br \/>\nThis was a stark reversal from its stance under Joe Biden\u2019s administration when former SEC Chair Gary Gensler said he thought most cryptocurrencies constituted securities.\u00a0<br \/>\nThe same month, the agency dropped an enforcement action against Robinhood for alleged securities law violations tied to its crypto trading platform.\u00a0<br \/>\nX Hall of Flame: Memecoins will die and DeFi will rise again \u2014 Sasha Ivanov\u00a0<a href=\"https:\/\/cointelegraph.com\/news\/robinhood-lists-pengu-popcat-memecoins-crypto-ramp-up?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsRobinhood has listed memecoins Pengu (PENGU), Pnut (PNUT) and Popcat (POPCAT) as the online brokerage doubles down on cryptocurrency trading, it said on March 13.\u00a0 The listings mark&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125016"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125016"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125016\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125016"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}