Outside Source
- Robinhood has relisted major altcoins Solana, XRP and Cardano for its US customers.
- The platform also added support for Pepe, news that saw PEPE price skyrocket.
Robinhood Crypto announced on Wednesday that it had added support for four digital assets – Solana, Pepe, Cardano and XRP.
The popular trading app now supports SOL, ADA, XRP and PEPE for its US customers, according to the announcement.
Robinhood relists major tokens
The move brings the number of supported cryptocurrencies on Robinhood to 19, expanding further reach for the platform as 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,” said Johann Kerbrat, vice president and general manager 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 listing of the digital assets, the prices of Solana (SOL), Pepe (PEPE), Cardano (ADA) and XRP (XRP) surged.
While the SOL, ADA and XRP tokens bounced to key levels, meme coin Pepe exploded to hit a new all-time high. The frog-themed meme coin traded among the top gainers in 100 largest coins by market, with its upside dwarfing Dogecoin’s own march to above $0.41.
Notably, Robinhood’s move to relist SOL, ADA and XRP comes amid market anticipation of a change at the US Securities and Exchange Commission following Donald Trump’s election as the next US president.
This is largely because SEC Chair Gary Gensler is expected to exit the agency. It’s the regulator’s designation of SOL and ADA as a security that saw Robinhood delist the tokens. SEC also sued Ripple and alleged XRP was a security until a US court ruled it wasn’t in July last year.
This article first appeared at CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison
