Robinhood Lists Solana, XRP, Cardano and Pepe—And One Just Hit an All-Time High

Robinhood’s crypto-arm relisted Solana (SOL( Cardano (ADAThe reverse is also true for customers in the United States. changes made The industry was subjected to a crackdown by regulators last year, but also added support for XRP The meme coin PepeCoin (PEPE).

Last year, the U.S. Securities and Exchange Commission filed lawsuits against Coinbase and Binance. alleging Investors were offered a variety of tokens including Cardano and Solana as unregistered securities by the companies. Polygon (previously MATICNow POL),

Ripple has been fighting a battle against a four-year legal battle XRP. Last year, a New York federal court judge ruled that XRP had not been offered through a broker-dealer. certain transactions—viewed as an industry win—the SEC filed a last-minute appeal In October,

Gary Gensler is the SEC chair. He has accused many crypto players of violating the SEC’s rules. The SEC’s approach towards crypto is likely to change with Donald Trump winning the White House. This has led many people to hope for a less-punitive SEC. regulatory framework Crypto or A new SEC figurehead.

Robinhood was also under scrutiny by the SEC in early 2018. The SEC scrutinized the digital assets that were offered by Robinhood, a commission-free trading site. disclosed The regulator had threatened to take enforcement action against its crypto business in May.

Robinhood’s list of supported assets is relatively small compared to other crypto exchanges. Christine Hall, Robinhood Crypto’s former COO in 2021 said You can also find out more about the following: “safety-first company” The tokens are thoroughly analyzed from the regulatory standpoint.

Pepe is an industry standard for a buzzword that can be summed up in a few words: meme coin mania That ran hot in the spring. It has since become one of the most popular meme coins, second only to its canine-themed counterparts, in terms of market cap. Dogecoin (DOGE( Shiba Inu (SHIB).

Pepe is currently trading at $0.00001822. This represents a 40% increase in value over the last day. Cardano, with a 6.8% increase to $0.59, and Solana, which rose 2.2% to $216, trailed behind XRP.

Pepe now joins the small group of US-based meme currencies on Robinhood. Robinhood welcomed Dogecoin to the platform in 2018 and ShibaInu a year later, in 2022. accompanied SHIB is giving away $100,000.

Robinhood didn’t immediately reply to an inquiry from a journalist about its decision to not relist Polygon. Decrypt.

The aforementioned is a blog postJohann Kerbrat is the Vice-President and General Manager at Robinhood Crypto. He said investor demand was driving the company’s expansion in the crypto space. Robinhood says it also regularly evaluates assets to be listed based upon internal policies.

“We’ve consistently heard from our customers that they want access to more digital assets,” He said. “With lower barriers to entry, we believe crypto presents an opportunity for those who have been historically left behind by the traditional financial system.”

Edited By Andrew Hayward