- Robinhood has relisted main altcoins Solana, XRP and Cardano for its US clients.
- The platform additionally added assist for Pepe, information that noticed PEPE price skyrocket.
Robinhood Crypto introduced on Wednesday that it had added assist for 4 digital belongings – Solana, Pepe, Cardano and XRP.
The favored buying and selling app now helps SOL, ADA, XRP and PEPE for its US clients, based on the announcement.
Robinhood relists main tokens
The transfer brings the variety of supported cryptocurrencies on Robinhood to 19, increasing additional attain for the platform because the market explodes amid bullish sentiment.
“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,” stated Johann Kerbrat, vp and basic supervisor of Robinhood Crypto. “With lower barriers to entry, we believe crypto presents an opportunity for those who have been historically left behind by the traditional financial system.”
As Robinhood Crypto revealed the itemizing of the digital belongings, the costs of Solana (SOL), Pepe (PEPE), Cardano (ADA) and XRP (XRP) surged.
Whereas the SOL, ADA and XRP tokens bounced to key ranges, meme coin Pepe exploded to hit a brand new all-time excessive. The frog-themed meme coin traded among the many high gainers in 100 largest cash by market, with its upside dwarfing Dogecoin’s personal march to above $0.41.
Notably, Robinhood’s transfer to relist SOL, ADA and XRP comes amid market anticipation of a change on the US Securities and Change Fee following Donald Trump’s election as the following US president.
That is largely as a result of SEC Chair Gary Gensler is anticipated to exit the company. It’s the regulator’s designation of SOL and ADA as a safety that noticed Robinhood delist the tokens. SEC additionally sued Ripple and alleged XRP was a safety till a US courtroom dominated it wasn’t in July final 12 months.