How to buy $Trump
If for some unfathomable reason you would like to buy some $Trump coin (perhaps you like memes?) you can do so from UK regulated exchanges including Crypto.com exchange and Kraken.
Most crypto exchange platforms which allow you to buy or sell $Trump do not appear to be regulated in the UK.
The largest UK-regulated cryptocurrency exchange, Coinbase, announced on Sunday it plans to list the Trump token, but did not provide a specific timeframe for this.
Binance, one of the other largest crypto exchanges globally, offers trading in $Trump. However, Binance discontinued UK operations in 2024 after the Financial Conduct Authority tightened its restrictions on crypto marketing in the country.
The Official Trump (TRUMP) is also available for spot trading on Uphold who say the “Community-driven memecoin celebrating the bold spirit of President J. Trump, thriving on cultural relevance and viral moments. Unlike traditional tokens, it has no inherent utility or functionality, focusing instead on uniting supporters through shared enthusiasm.”
eToro has added access to the new $Trump cryptocurrency on its platform.
The memecoin is currently unavailable for eToro users in the UAE, Germany, and the USA.
$Trump launched on Friday afternoon, around three days ahead of the inauguration of Donal Trump as US president yesterday.
“My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING!” the future president said in a post on his social media platform Truth Social at the time.
The token surged to a price of $75 on Sunday 19 January, before falling back down below $50 on Monday. It now sits at around $38 as of 10:50am on Tuesday.
Trump announced the launch of the coin on Truth Social, the social media platform he has a majority stake in.
The launch of the memecoin has been the subject of controversy, given that it has no apparent investment case, but could lure in unsuspecting retail punters.
Two US companies – CIC Digital LLC and Fight Fight Fight LLC – own 80% of the tokens. The first is an affiliate of Trump’s main conglomerate, The Trump Organization.
Memecoins such as $Trump have a bad reputation as being a tool for pump-and-dump scams, where backers of the token pump up the price through online hype before selling out and leaving others to take the subsequent fall in price.
eToro rival Robinhood has also listed a separate Trump-themed token, TRUMP, on its spot trading platform.
The move by eToro to list the token comes shortly after it was revealed by the Financial Times that the company seeks to undertake an initial public offering (IPO) in the US this year.
The IPO could take place as early as the second quarter of this year, with the company targeting a $5 billion valuation.
eToro’s prospects are likely to be given a boost by the Trump administration, given that it has signalled it is less likely to take a less interventionist approach to regulatory intervention, and crypto in particular.
Stock markets also reacted positively to Trump’s election, suggesting investors think his presidency will be good for business.
What is the Trump meme cryptocurrency?
The incoming president-elect of the United States, Donald Trump launched his own memecoin, $Trump, on Friday.
Echoing previous launches of other memecoins, or cryptocurrencies fuelled by social media hype, $Trump saw a rapid surge in price over the weekend before plummeting.
The token reached a high of $75 on Sunday 19 January, before falling back down to near $50 as of 9:45am on Monday morning, perhaps as it became clearer that there is no genuine investment case here.
That came after Trump announced the launch of the coin on Truth Social, the social media platform he has a majority stake in.
He posted: “My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING!”
Two US companies – CIC Digital LLC and Fight Fight Fight LLC – own 80% of the tokens. The first is an affiliate of Trump’s main conglomerate, The Trump Organization.
The coin currently has a market capitalization of $10.6 billion, according to CoinMarketCap, up from $5.5 billion as of Saturday afternoon, when its price fluctuated between $25 to $
As of 20 January there were 200 million Trump coins in circulation, or 20% of the total, according to the data platform.
Memecoins such as $Trump have a bad reputation as a tool for pump-and-dump scams, where backers of the token pump up the price through online hype before selling out and leaving others to take the subsequent fall in price. Therefore, they are usually categorised as a type of “shitcoin”.
You can read our recent roundup of the 10 biggest shitcoin disasters and scams, through this link.
At the moment, there are no $Trump meme-coin ETFs, but REX Financial and Osprey Funds have filed for a Trump-branded ETF with the SEC
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