Robinhood Now Lists XRP, SOL, ADA, And PEPE

Robinhood now lists XRP, SOL, ADA, and PEPE, marking a significant milestone for these crypto assets, the exchange confirmed on Wednesday.

Robinhood (HOOD), the stock and crypto trading platform, has significantly expanded its range of cryptocurrencies available for U.S. customers, just a week after elections suggested a more favorable regulatory climate for the industry.

The platform now allows trading in Solana (SOL), Pepe (PEPE), Cardano (ADA), and XRP (XRP), bringing the total to 19 cryptocurrencies for American users, as announced in a blog post on Wednesday morning.

Coinbase (COIN), which already offered these new additions, also included PEPE in its offerings.

Following this announcement, the mentioned cryptocurrencies saw modest increases, along with Bitcoin, which reached a new all-time high of over $91,000.

Johann Kerbrat, vice president and general manager of Robinhood Crypto, stated, “We’ve consistently heard from our customers that they want access to more digital assets, and we’re excited to continue expanding our crypto offering.”

This news arrives as President-elect Donald Trump, set to take office in January, is anticipated to support innovation in the crypto space.

Among his campaign promises was the removal of SEC Chair Gary Gensler, known for his critical stance on the industry.

Last year, Robinhood suspended support for several tokens, including SOL and ADA, after they were identified as securities in a lawsuit filed by the SEC against Binance and Coinbase.

Industry leaders are now seeking clearer guidance from the SEC regarding which tokens will be classified as securities.

Under Gary Gensler, the SEC has offered limited direction on this matter but has pursued legal action against crypto exchanges for allegedly violating federal securities laws by trading unregistered securities.

Read Daily Crypto News for more news and updates like this.

Follow us on CoinMarketCap.

Also Read: Whale Now Loses Whopping $75M Shorting Bitcoin

About The Author

Frank Nez

Frank Nez is an American retail journalist whose research has been cited by SEC and Congressional reports. Frank Nez has been featured by prominent outlets such as TheStreet and NewsBreak. ‘Daily Crypto News’ is now an official CoinMarketCap news source.

See author's posts