- Robinhood has relisted main altcoins Solana, XRP and Cardano for its US prospects.
- The platform additionally added help for Pepe, information that noticed the value of PEPE skyrocket.
Robinhood Crypto introduced on Wednesday that it has added help for 4 digital property – Solana, Pepe, Cardano and XRP.
The favored buying and selling app now helps SOL, ADA, XRP and PEPE for its US prospects, in accordance with the announcement.
Robinhood relists main tokens
The transfer brings the variety of cryptocurrencies supported on Robinhood to 19, increasing the platform's attain because the market explodes in bullish sentiment.
“Our prospects have persistently informed us they need entry to extra digital property, and we’re excited to proceed to increase our crypto providing,” mentioned Johann Kerbrat, vice chairman and normal supervisor of Robinhood Crypto. “With decrease limitations to entry, we imagine crypto presents a possibility for many who have traditionally been left behind by the normal monetary system.”
As Robinhood Crypto revealed the checklist of digital property, the costs of Solana (SOL), Pepe (PEPE), Cardano (ADA), and XRP (XRP) surged.
Whereas SOL, ADA, and XRP tokens rebounded to key ranges, the Pepe meme coin exploded to a brand new all-time excessive. The frog-themed meme coin has been buying and selling among the many prime gainers among the many 100 largest cash by market, with its potential eclipsing Dogecoin's personal march to over $0.41.
Notably, Robinhood's determination to relist SOL, ADA, and XRP comes because the market anticipates a change on the U.S. Securities and Change Fee following the election of Donald Trump as the following U.S. president.
That is largely attributable to the truth that SEC Chairman Gary Gensler is anticipated to depart the company. It was the regulator’s designation of SOL and ADA as a safety that noticed Robinhood delist the tokens. The SEC additionally sued Ripple and alleged that XRP was a safety till a US courtroom dominated that was not the case in July final 12 months.
