Robinhood adds support for SOL, ADA, XRP, and PEPE for US investors
Robinhood adds toughen for SOL, ADA, XRP, and PEPE for US merchants Robinhood adds toughen for SOL, ADA, XRP, and PEPE for US merchants
SOL and ADA are again on Robinhood's offerings after bigger than a year since they had been delisted over regulatory concerns.
Conceal artwork/illustration via CryptoSlate. Image entails blended disclose material that also can fair encompass AI-generated disclose material.
Robinhood expanded its crypto offerings for US merchants, along side Solana (SOL), Cardano (ADA), XRP, and Pepe (PEPE) to its lineup. This brings Robinhoodâs total crypto offerings to 19 sources.
PEPE surged 65% following the news to hit a high of $0.00002244 after soaring 65% following the brokerage agency’s announcement.
PEPE’s motion is the most most as much as the moment place bounce registered by the “ragged memecoin” group, which comprises Dogecoin (DOGE) and Shiba Inu (SHIB). In the previous seven days, DOGE and SHIB registered place will enhance of 105% and 43%, respectively.Â
Succor after regulatory turmoil
Solana and Cardano are again on Robinhood’s platform bigger than a year after the agency delisted them due to regulatory concerns.Â
The US Securities and Substitute Price (SEC) had alleged that these tokens had been unregistered securities as portion of broader enforcement actions against necessary crypto exchanges.Â
In response, Robinhood removed SOL, ADA, and Polygon (POL) from its offering in June 2023.
In Can also fair, the SEC issued a Wells Peek to Robinhood, claiming that the enforcement action used to be motivated by investigations over the firm’s “cryptocurrency listings, custody of cryptocurrencies, and platform operations.”
Robinhood stated it used to be upset by the stare because it had met with the regulator 16 times to provide an explanation for necessary parts on its crypto offerings. CEO Vlad Tenev additionally publicly criticized the depart and stated that the SEC is unwilling to facilitate crypto despite fair correct faith within the industry.
Robinhood looks expanding its crypto offerings in a sure market atmosphere following President-elect Donald Trumpâs election earn, which has sparked optimism across the market.
Experiences claim the Trump administration is excited about making Dan Gallagher, Robinhood’s chief lawful officer and dilapidated SEC commissioner, the contemporary SEC Chair.
Talked about on this text
Gino Matos
Gino Matos is a law college graduate and a seasoned journalist with six years of abilities within the crypto industry. His abilities basically makes a speciality of the Brazilian blockchain ecosystem and traits in decentralized finance (DeFi).
Latest US Tales
Latest Cardano Tales
Featured Story
Promote Here
On this text
Solana is a high-efficiency blockchain platform that utilizes a sure consensus algorithm called “Proof of History” to discontinue speedy transaction speeds and low costs.
Cardano is a decentralized public blockchain and cryptocurrency mission and is fully initiating supply.
The XRP Ledger is a decentralized cryptographic ledger powered by a community of leer-to-leer servers.
PepeCoin, created by pioneers and visionaries in 2016, introduces an provocative OS-vogue app ecosystem that seamlessly integrates DeFi, video games, odd NFT experiences, and lowering-edge memetics..
Polygon, a prominent layer 2 scaling resolution on Ethereum, has emerged as a multifaceted and scalable platform, making improvements to the Ethereum ecosystem’s capabilities.
Dogecoin is a cryptocurrency created in December 2013 as a joke by application engineers Billy Markus and Jackson Palmer.
Shiba Inu (SHIB) is a decentralized meme token that targets to be the Ethereum-basically based solely counterpart to Dogecoin’s Srypt-basically based solely mining algorithm. Consistent with SHIBA INU, the reasoning within the again of the introduction of SHIBA is that Shibas consistently put out of your mind the keep they bury their adore.
Robinhood
Robinhood is an American financial products and services firm headquartered in Menlo Park, California that used to be founded in April 2013 by Vladimir Tenev and Baiju Bhatt.
A businessman, politician, and media personality, Donald John Trump served because the 45th president of the United States from 2017 to 2021.
Source credit : cryptoslate.com
