Logo
Cardano Ecosystem

Cryptoslate

11/13/2024

·

78 views


Robinhood adds support for SOL, ADA, XRP, and PEPE for US investors

Robinhood adds support for SOL, ADA, XRP, and PEPE for US investors 15 mins ago · 1 min read SOL and ADA are back on Robinhood's offerings after more than a year since they were delisted over regulatory...

Robinhood adds support for SOL, ADA, XRP, and PEPE for US investors

Robinhood adds support for SOL, ADA, XRP, and PEPE for US investors Robinhood adds support for SOL, ADA, XRP, and PEPE for US investors 15 mins ago · 1 min read

SOL and ADA are back on Robinhood's offerings after more than a year since they were delisted over regulatory concerns.

1 min read

Updated: Nov. 13, 2024 at 9:46 pm UTC

Robinhood adds support for SOL, ADA, XRP, and PEPE for US investors

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

Robinhood expanded its crypto offerings for US investors, adding Solana (SOL), Cardano (ADA), XRP, and Pepe (PEPE) to its lineup. This brings Robinhood’s total crypto offerings to 19 assets.

PEPE surged 65% following the news to hit a high of $0.00002244 after soaring 65% following the brokerage firm’s announcement.

PEPE’s movement is the most recent price leap registered by the “old memecoin” group, which includes Dogecoin (DOGE) and Shiba Inu (SHIB). In the past seven days, DOGE and SHIB registered price increases of 105% and 43%, respectively. 

Back after regulatory turmoil

Solana and Cardano are back on Robinhood’s platform more than a year after the firm delisted them due to regulatory concerns. 

The US Securities and Exchange Commission (SEC) had alleged that these tokens were unregistered securities as part of broader enforcement actions against major crypto exchanges. 

In response, Robinhood removed SOL, ADA, and Polygon (POL) from its offering in June 2023.

In May, the SEC issued a Wells Notice to Robinhood, claiming that the enforcement action was motivated by investigations over the company’s “cryptocurrency listings, custody of cryptocurrencies, and platform operations.”

Robinhood said it was disappointed by the notice since it had met with the regulator 16 times to clarify details on its crypto offerings. CEO Vlad Tenev also publicly criticized the move and said that the SEC is unwilling to facilitate crypto despite good faith in the industry.

Robinhood seems to be expanding its crypto offerings in a favorable market environment following President-elect Donald Trump’s election win, which has sparked optimism across the market.

Reports claim the Trump administration is considering making Dan Gallagher, Robinhood’s chief legal officer and former SEC commissioner, the new SEC Chair.

Mentioned in this article
Latest US Stories
Latest Cardano Stories
Latest Press Releases
AD

SNEKbot by DexHunter on CARDANO

Cardano's Telegram Trading Bot live on Cardano mainnet!TRADE NOW!


Read Original Article on Cryptoslate

ORIGINAL SOURCE

https://cryptoslate.com/robinhood-adds-s...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


An image that says Learn Blockchain technology and get ahead in the industry with a link to the Cardano Academy.

More from Cryptoslate

See more
Cardano Foundation clarifies role and priorities amid ongoing ecosystem governance disputes
Cryptoslate
Cardano Foundation clarifies role and priorities amid ongoing ecosystem governance disputes

12/17/2024

·

21 views

Related News

See more

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)