The popular online brokerage Robinhood has become a go-to spot for retail investors to purchase cryptocurrencies. It was designed to democratize investing for retail investors, aligning with the decentralized ethos of cryptocurrencies as alternatives to the mainstream financial system.
Until recently, Robinhood offered only a handful of cryptocurrencies due to regulatory scrutiny from the Securities and Exchange Commission (SEC), which viewed many tokens as unregistered securities. However, with the implementation of pro-crypto regulations and legislation under the Trump administration, Robinhood has significantly expanded its offerings.
All 50 Cryptocurrencies Available to U.S. Investors on Robinhood
According to Robinhood's website, there are now 50 cryptocurrencies available to U.S. investors. In Europe, due to more lenient regulations, investors can access 69 cryptocurrencies. Some tokens may not be available in New York or Texas due to state-specific rules. Here is the full list of 50 tokens available in the U.S.:
- Bitcoin (BTC)
- Ethereum (ETH)
- Dogecoin (DOGE)
- Litecoin (LTC)
- Shiba Inu (SHIB)
- Aave (AAVE)
- Aerodrome Finance (AERO)
- Arbitrum (ARB)
- Aster (ASTER)
- Avalanche (AVAX)
- Avantis (AVNT)
- Bitcoin Cash (BCH)
- BNB (BNB)
- BONK (BONK)
- Cardano (ADA)
- Cat in a dogs world (MEW)
- Chainlink (LINK)
- Compound (COMP)
- Curve DAO (CRV)
- Dogwifhat (WIF)
- Ethena (ENA)
- Ethereum Classic (ETC)
- Floki (FLOKI)
- Hedera (HBAR)
- Hyperliquid (HYPE)
- Lido DAO (LDO)
- Maple Finance (SYRUP)
- Moo Deng (MOODENG)
- OFFICIAL TRUMP (TRUMP)
- Ondo (ONDO)
- Onyxcoin (XCN)
- Optimism (OP)
- Peanut the Squirrel (PNUT)
- Pepecoin (PEPE)
- Plasma (XPL)
- Polkadot (DOT)
- Popcat (POPCAT)
- Pudgy Penguins (PENGU)
- SEI (SEI)
- Solana (SOL)
- SUI (SUI)
- Stellar Lumens (XLM)
- Tezos (XTZ)
- Toncoin (TON)
- Uniswap (UNI)
- USD Coin (USDC)
- Virtuals Protocol (VIRTUAL)
- World Liberty Financial (WLFI)
- XRP (XRP)
- Zora (ZORA)
The Best of the Bunch
While many tokens are available, I prefer investing in larger, well-known cryptocurrencies with legitimate investment cases. My top picks are Bitcoin, Ethereum, and Solana.
Given that cryptocurrencies don't generate earnings or free cash flow like traditional companies, I focus on tokens with unique investment theses, such as Bitcoin, and those running on robust blockchain networks.
Bitcoin is my top choice due to the digital gold narrative. With a finite supply of 21 million tokens, most already mined, it benefits from favorable supply-and-demand dynamics. Although Bitcoin sometimes trades like a high-beta tech stock, its perception as a hedge against economic uncertainty makes it worth owning.
Mounting U.S. debt and the Federal Reserve's monetary policies could weaken the U.S. dollar, potentially making Bitcoin a form of portfolio diversification. It's also likely to see increased institutional adoption as Wall Street grows more comfortable with crypto.
The other two favorites are Ethereum and Solana. Both use the energy-efficient proof-of-stake consensus mechanism, where investors stake coins to validate transactions and earn rewards. Solana enhances this with the proof-of-history mechanism, applying timestamps to transactions to boost speed and scalability, potentially processing thousands of transactions per second.
In my view, Ethereum and Solana are prime for integrating blockchain technology and smart contracts into society, with use cases like issuing stablecoins or tokenizing assets. More network activity could drive token demand. While Solana has technical strengths, Ethereum benefits from first-mover advantage.
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