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Robinhood Crypto Now Supports Solana Trading Again

Key Points:

Robinhood Crypto has expanded its U.S. platform with the addition of Solana, Pepe, Cardano, and XRP.
Solana, previously delisted due to SEC concerns, returns along with other tokens accused of being securities in the SEC’s 2023 lawsuits.

Today, Robinhood Crypto announced the inclusion of Solana (SOL), Pepe (PEPE), Cardano (ADA) & XRP (XRP) to its US platform, bringing the number of available different cryptocurrencies up to 19 to trade today.

Robinhood Crypto Supports More Assets for US Users

Robinhood Crypto had earlier delisted SOL after the SEC categorized SOL as a security. Its relisting of SOL and addition of PEPE, among other popular assets, could suggest a bias toward accommodating market appetite while finding one’s way through regulatory challenges.

Notably, in this new listing, there are 3 projects on the list of crypto coins that the SEC accused of being securities in the lawsuit against Binance and Coinbase in June 2023, which Robinhood had announced to delist due to the legal context then.

On the back of this development, another major cryptocurrency exchange, Coinbase, has announced that it will add PEPE to its coin listing roadmap.

The move of the popular cryptocurrency trading platform in the West was right after Donald Trump’s re-election to US President, along with a series of policies supporting the cryptocurrency market, including the plan to fire the current SEC Chairman Gary Gensler, who actively suppressed the crypto industry in recent times.

Robinhood Strengthens Crypto Access for U.S. and EU Users

Now that the thawing of the ice by the SEC has begun, Roinbhood felt confident to make a slew of altcoins available for US users, too.

Robinhood aims to further open up crypto investing to a wider audience. Earlier this year, the exchange made Bitcoin ETF trading available to its 23 million US users, thus giving them an even wider choice of where to invest. In December last year, the company launched Robinhood Crypto in the EU. Curiously, the tokens delisted were part of its offering to the EU.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.