Fomo vs Robinhood: Memecoins in a Broker or a Social App

Q: Can I trade memecoins on Robinhood?

A few. Robinhood's brokerage app lists a curated set of crypto assets and added CASHCAT, the Robinhood Chain memecoin, on August 6, 2026. Robinhood Wallet, the separate self-custody app, can reach more tokens on-chain. Fomo lists thousands across six chains.

Q: Which is cheaper, Fomo or Robinhood?

Robinhood advertises commission-free crypto in the brokerage app, with its revenue in the spread. Fomo charges about 0.50% per swap with a $0.95 minimum on Solana, 10% off via referral. For the handful of coins both list, Robinhood is usually cheaper; for the thousands only Fomo lists, there is no comparison.

Q: Who holds my coins on each?

Robinhood's brokerage holds crypto in custody for you, inside a regulated broker. Fomo's wallet is self-custodial: split keys, FaceID, export. Different trade-offs: reversibility and support versus control.

Q: Is Fomo connected to Robinhood?

No corporate connection. Fomo supports Robinhood Chain, the Layer 2 Robinhood launched July 1, 2026, and both companies were named in the September 2026 card-payments story. Separate companies, separate investors.

The short version: Robinhood is a regulated broker that lists a curated handful of crypto assets; Fomo is a self-custody app that lists everything with a pool. Robinhood's brokerage app advertises commission-free crypto (its revenue is in the spread), holds the assets in custody, and added CASHCAT, the first breakout memecoin on its own chain, on August 6, 2026. Fomo charges about 0.50% per swap (0.45% with a referral, $0.95 minimum on Solana), keeps keys with you, and lists thousands of tokens across Solana, Base, BNB Chain, Monad, Ethereum and Robinhood Chain, including every launchpad coin on the chain Robinhood built. For the few coins both offer, the broker is cheaper and simpler. For the rest, only one of them has them.

Robinhood (brokerage app)

Regulated US broker. Curated crypto list plus a small number of Robinhood Chain memecoins (CASHCAT since Aug 6, 2026). Commission-free with spread. Custodial: Robinhood holds the assets. Stock, options and crypto in one account. Separate Robinhood Wallet app for self-custody and on-chain access.

Fomo

Phone-first social trading app, web since April 2026. Thousands of tokens on six chains from one USD balance, gas paid. Feed of named traders. ≈0.50% per swap, $0.95 minimum on Solana, 10% off via referral. Self-custodial: split keys, FaceID, key export. No KYC for spot. Perps (non-US) via Hyperliquid and Trade.xyz.

Where each one actually wins

Robinhood wins on everything a broker is for: custody with a company to call, no per-trade fee on the coins it lists, stocks and crypto in one account, tax documents, and the simple fact that a beginner's first bitcoin purchase there cannot be sent to the wrong network. If you want CASHCAT and nothing else on the chain, buying it in the Robinhood app is the least eventful way.

Fomo wins on coverage and on the thing brokers cannot do: the launchpad coins, the stock-paired memecoins, the Base and BNB Chain graduates, the feed of people buying them in real time, and a wallet you can export and take anywhere. It is also where PONS, Artificial Inu, BONER and the rest of the Robinhood Chain story actually trades, none of which is in the brokerage app.

Custody, plainly

	Robinhood brokerage	Fomo
Who holds the keys	Robinhood, in custody	You (split keys, secure hardware, FaceID, export)
Can support reverse a mistake	Sometimes, inside the broker	No; on-chain is final
Withdraw to any wallet	Limited; via Robinhood Wallet for on-chain	Yes, USDC to any address on a supported chain
KYC	Full, it is a broker	None for spot; possible for perps
Regulator	SEC/FINRA-regulated broker	Non-custodial interface; no broker protections

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The card story, shared

Both companies were named in The Block's September 1, 2026 report on memecoin purchases by credit card coded as digital goods, Robinhood through its Wallet app and Fomo through its own card route, with Chase asking Visa to look and New York's attorney general opening an inquiry. It is a payments-classification dispute, not a custody one, and it applies to the self-custody wallet product, not the brokerage. Our explainer is on the review site's card-probe page.

The realistic verdict

If you want a regulated broker to hold a few big coins and one memecoin next to your stocks, Robinhood is built for exactly that and Fomo is not trying to be it. If you want the actual Robinhood Chain memecoin market, or Solana's, or Base's, from a phone, with people to follow and keys you control, Fomo is the tool and the broker is not competing. Many people hold both: the broker for the boring part of the portfolio, the app for the part they have written off.

FAQ

Can I trade memecoins on Robinhood?

A few in the brokerage app, CASHCAT since August 6, 2026; more via the separate Robinhood Wallet. Fomo lists thousands.

Which is cheaper, Fomo or Robinhood?

Robinhood is commission-free with a spread on its listed coins; Fomo is ≈0.50% per swap. For overlapping coins the broker is usually cheaper.

Who holds my coins on each?

Robinhood holds them in custody; Fomo's wallet is yours, with split keys and export.

Is Fomo connected to Robinhood?

No. Fomo supports Robinhood Chain; the companies are separate.

Fomo vs Robinhood: A Regulated Broker With a Few Memecoins, or a Self-Custody App With All of Them