Robinhood Crypto Now Supports Solana Trading Again
Release: 2024/11/14 00:39 Reading: 612
Key Points:
- Robinhood Crypto has expanded its US platform with the addition of Solana, Pepe, Cardano, and XRP.
- Solana, previously delisted due to SEC concerns, has returned along with other tokens accused of being securities in the SEC's 2023 lawsuits.
Robinhood Crypto Expands Asset Offerings for US Users
Robinhood Crypto has announced the inclusion of Solana (SOL), Pepe (PEPE), Cardano (ADA), and XRP (XRP) to its US platform, increasing the number of available cryptocurrencies to 19.
Notably, the relisting of SOL and the addition of PEPE raise questions about Robinhood's approach to regulatory compliance, as these tokens have been identified by the SEC as potential securities.
Coinbase Follows Suit
Following Robinhood's announcement, Coinbase has indicated that it will add PEPE to its coin listing roadmap.
Shift in Crypto Market Sentiment
The moves by Robinhood and Coinbase suggest a shift in market sentiment towards greater acceptance of cryptocurrencies. This follows the re-election of Donald Trump as US President, who has expressed support for the crypto industry.
Robinhood's Focus on Access
Robinhood continues to prioritize accessibility for its users. Earlier this year, it made Bitcoin ETF trading available to its US customers, and in December 2022, it launched Robinhood Crypto in the EU.
Disclaimer: The information provided is not investment advice. Conduct your own research before investing.
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