thecryptobasic.com
Leading crypto exchange Robinhood has Relisted XRP, Cardano, and Solana and added PEPE as regulatory tension seems to subside following Donald Trump’s win.
In a Wednesday X post, the California-headquartered crypto exchange notified the crypto community that it has readded support for XRP, Cardano, and Solana and is adding its maiden support for the meme coin Pepecoin.
GM. Solana ($SOL), Pepe ($PEPE), XRP ($XRP), and Cardano ($ADA) are now available to trade on Robinhood.https://t.co/CBj6uKDkAZ pic.twitter.com/48wXE9zs8V
— Robinhood (@RobinhoodApp) November 13, 2024
Notably, the support includes for US customers who have been unable to access the assets through the platform. The latest addition takes the total number of cryptocurrencies accessible to Robinhood’s US clients to 19, already allowing the trading of notable assets like Bitcoin, Dogecoin, and Shiba Inu.
XRP and Cardano Finally Available for US Customers
It bears mentioning that XRP, Cardano, and Solana were once available to trade on the Robinhood platform. However, regulatory uncertainties and the risk of sanctions from the US Securities and Exchange Commission (SEC) forced the exchange to delist them.
Robinhood delisted XRP in 2020 in the wake of its legal battle with the SEC. The Wall Street regulator sued Ripple Labs for offering XRP to US investors, branding the XRPL native token as an unregistered security.
Furthermore, Robinhood announced in June 2023 that it would delist Cardano, Solana, and a handful of other tokens following regulatory unclarity. The SEC named the assets unregistered securities in its lawsuit against Binance and Coinbase, forcing Robinhood to delist them in a precautionary move.
Meanwhile, the XRP relisting for US customers came almost two months after Robinhood quietly readded the seventh largest cryptocurrency by market cap for trading to its European customers. Notably, XRP spiked 10% following the development.
Crypto Assets React
Following the relisting, Solana jumped over 3%, reclaiming $215. XRP and Cardano also received substantial boosts, appreciating 5.5% and 4.7%, respectively. The former trades at $0.7107, while the latter exchange hands at $0.5961.
Meanwhile, Pepecoin received the biggest boost following Robinhood’s listing, growing a staggering 20% to trade at $0.00001881. The gain took PEPE’s 24-hour gain to 48%, becoming the best performer among the high-ranking meme coins.