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. Trump’s election win and rising market prices fueled across-the-board increases in crypto trading in the fourth quarter of 2024.
Source: RobinhoodRelated: Robinhood tips Singapore launch, touts memecoin interest: ReportStrong demandIn 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.
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.
or
Share This Story
Article Details
Author / Journalist: Cointelegraph by Alex O’Donnell
The story "Robinhood lists PENGU, POPCAT amid crypto ramp-up" has 345 words across 17 sentences, which will take approximately 2 - 3 minutes for the average person to read.
Which news outlet covered this story?
The story "Robinhood lists PENGU, POPCAT amid crypto ramp-up" was covered 1 days ago by Coin Telegraph, a news publisher based in United States.
How trustworthy is 'Coin Telegraph' news outlet?
Coin Telegraph is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.
The outlet is headquartered in United States and publishes an average of 1338 news stories per day.
It's most recent story was published 8 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
