Robinhood US repositions SOL, ADA and XRP, introduces PEPE
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Robinhood Crypto has added SOL, PEPE, ADA and XRP to its US platform. The company's listing committee reviews crypto assets based on internal policies for eligibility and endorsement.
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Robin Hood Crypto has registered three major altcoins – Solana (SOL), Cardano (ADA) and Ripple (XRP) – to the American trading platform, according to a press release on Wednesday. The exchange added support for the popular meme token Pepe (PEPE), expanding the total available digital assets to 19.
Explaining the decision, Johann Kerbrat, VP and GM of Robinhood Crypto pointed to the needs of customers. The expansion aims to provide existing users with a variety of investment options and attract new customers.
“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,” Kerbrat said. “With low barriers to entry, we believe that crypto provides an opportunity for those historically left behind in the traditional financial system.”
Robinhood aims to make crypto investing accessible to a wider audience. Earlier this year, the exchange introduced Bitcoin ETF trading available to 23 million US users, expanding their investment options.
PEPE will also be listed on Coinbase, as confirmed by Paul Grewal, Coinbase's Chief Legal Officer. The token jumped 30% following these detailed announcements, CoinGecko data shows.
You have been looking for the frog for a long time. Well, you will soon find the frog. @coinbase aims to list PEPE today, adding it to our listing roadmap. Thank you for your patience.
— paulgrewal.eth (@iampaulgrewal) November 13, 2024
Robinhood and other exchanges have canceled XRP following the SEC A lawsuit against Ripple In the year In 2020. In September 2024, the exchange reinstated XRP to its EU customers, but the relisting happened quietly without an official announcement. Users only saw the update on Robinhood trading platform where XRP is listed by name.
Robinhood, along with ADA and Polygon ( MATIC ), filed a SOL in June 2023 after the SEC classified these crypto assets as unregistered securities in its lawsuit against Binance and Coinbase.
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