hound

Robinhood has "listed" two coins today on assets. $JUGGERNAUT & $FRONG This listing is more of an indexing. These coins are now available to see on the robinhood app but not to trade. There is a significant difference between a listing and an indexing. The question here is why did they list these two low cap memes. There are RWA pairs doing much better than them. The reason I see is that there are legal hurdles involved with listing RWA pairs. Trading of tokenized RWAs is forbidden in certain countries including the US, Switzerland and some others. Normal RWA pairs i.e. AI / BONER should be fine because trading can be routed through the ETH pool instead of the pool of the underlying RWA. This way the trader on the robinhood app never touches the RWA. Reflection tokens that airdrop you the underlying RWA that is bought by the fees have a bigger problem. These are seen as yield tokens which is in every way possible forbidden in the US. In the attached picture are the latest spot & asset listings on the robinhood app. You can see that even ansem got indexed and it had no influence on the chart whatsoever. All of this is a big nothing burger for RWA pairs and normal tokens but reflection tokens are looking bad here