Robinhood, the popular financial trading platform in the United States, has just announced the listing of Solana (SOL), Pepe (PEPE), Cardano (ADA), and XRP (XRP) for its customers.
Previously, SOL and ADA were delisted by Robinhood on June 27, 2023, due to legal risks and pressure from the U.S. Securities and Exchange Commission (SEC). The SEC alleged that Cardano and Solana were unregistered securities.
However, it appears that Robinhood has resolved these legal issues and decided to relist these two coins.
In addition, Robinhood has also added two new coins, XRP and PEPE. Earlier in June of this year, there were rumors that Robinhood might list XRP following its acquisition of the Bitstamp exchange.
The listing of PEPE, a meme coin, has also garnered attention from the community. Notably, PEPE’s price surged by more than 40% after the listing announcement.
Johann Kerbrat, Vice President and General Manager of Robinhood Crypto, shared:
“We always listen to our customers about wanting access to more digital assets, and we’re excited to continue expanding our crypto services. With lower barriers to entry, we believe crypto offers an opportunity for those previously left behind by traditional financial systems.”
Robinhood’s relisting of SOL and ADA, along with the addition of XRP and PEPE, suggests a more positive outlook from regulators toward the cryptocurrency market following Donald Trump’s election victory.
