Robinhood Markets Inc., the California-based brokerage behind commission-free trading, has expanded its crypto offerings by adding BONK, PENGU, PNUT, and Stellar’s XLM to its advanced trading service, Robinhood Legend.
The move, announced August 6 via the company’s official X account, comes as Robinhood accelerates its push into digital assets following strong Q2 earnings.
BONK and PENGU are rising meme coins in online communities, PNUT offers decentralized finance (DeFi) tools, and XLM powers cross-border payments through the Stellar network. Eligible U.S. users can trade them immediately, though state regulations may limit access.
Robinhood also added ONDO and FLOKI to Robinhood Legend, but they remain view-only. Neither token can be bought or sold, and both are unavailable to New York customers, according to the platform’s crypto documentation.
Prices Drop Despite High-Profile Launch
Market data from CoinMarketCap, a popular website that tracks prices, volume, and market value of cryptocurrencies, shows all newly listed tokens ended lower on the day.
At the time of writing, BONK slid 8.04% to $0.00002357, PENGU fell 7.77% to $0.03260, PNUT dropped 4.95% to $0.2141, and XLM declined 4.84% to $0.3876. Further, FLOKI lost 5,72%, while ONDO slipped 3.03% after hitting an intraday low.
The declines mirror a broader market dip, with global crypto market value down 1.62% to $3.7 trillion, even as trading volume rose 7.69% to $146.73 billion. Analysts say traders may be taking profits after recent gains, but sustained volume suggests investors are watching for a rebound.
Also Read: Robinhood’s Revenue Jumps 45% to $989M as Crypto Trading Surges
