Robinhood Re-lists Major Tokens and Expands Crypto Services
Robinhood has re-listed Solana (SOL), Cardano (ADA), and Ripple (XRP), along with adding PEPE to its offerings.
This follows the earlier removal of SOL due to the SEC’s security classification. ADA surged by 7%, and PEPE rose by nearly 20% following the announcement.
Robinhood’s move reflects possible changes in U.S. crypto regulation, as it aligns with customer demand for more digital assets. In 2023, the platform delisted these tokens in response to SEC lawsuits, but it may be adjusting its approach ahead of potential regulatory shifts post-election. With Donald Trump’s anticipated pro-crypto stance, significant SEC changes could occur in 2025.
Crypto has become a major revenue driver for Robinhood, with Q3 2024 trading volumes reaching $14.4 billion. The company is also expanding into Web3, launching crypto transfer services in the EU and exploring political prediction markets. Despite legal challenges, including a $3.9 million settlement in September, Robinhood continues to grow.
READ MORE:
Coinbase Unveil Pepe Coin Listing, Fueling Major Price SurgeRipple, still in a legal battle with the SEC, filed a cross-appeal last month, contesting the classification of XRP as a security, with continued support from pro-XRP figures like John Deaton.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ripple vs SEC: Better Markets Backs the Appeal Fight
They also dispute the court’s reasoning, arguing that the judge overlooked how XRP’s sales fit into a broader investment scheme.
Ross Ulbricht Thanks Donald Trump for Granting Pardon
Propy Launches Crypto Loans to buy Tokenized Real Estate
THORChain urgently drops ‘risky’ DeFi features amid $199 million debt
Community anticipates restructuring plan following ThorChain's insolvency and RUNE price volatility.