Robinhood Relisted SOL, ADA, XRP and PEPE Amid Market Anticipation of a Change at the US SEC

Robinhood Crypto announced on Wednesday that it had added support for four digital assets – Solana, Pepe, Cardano and XRP.

Stock Trading App Robinhood Adds Solana, Pepe, Cardano, XRP to Crypto Offering

Robinhood Crypto announced on Wednesday that it had added support for four digital assets – Solana, Pepe, Cardano and XRP.

The popular trading app now supports SOL, ADA, XRP and PEPE for its US customers, the announcement revealed.

With the latest additions, the number of cryptocurrencies supported on Robinhood now stands at 19. The platform has been expanding its crypto offering as the market surges to new all-time highs amid bullish sentiment.

“We’ve consistently heard from our customers that they want access to more digital assets, and we’re excited to continue expanding our crypto offering,” said Johann Kerbrat, vice president and general manager of Robinhood Crypto. “With lower barriers to entry, we believe crypto presents an opportunity for those who have been historically left behind by the traditional financial system.”

Crypto Prices Today: SOL, ADA, XRP Surges as Robinhood Adds Tokens

As Robinhood Crypto announced the listing of the digital assets, the prices of Solana (SOL), Pepe (PEPE), Cardano (ADA) and XRP (XRP) surged.

While the SOL, ADA and XRP tokens bounced to key levels, meme coin Pepe exploded to hit a new all-time high. The frog-themed meme coin traded among the top gainers in 100 largest coins by market, with its upside dwarfing Dogecoin’s own march to above $0.41.

Interestingly, Robinhood’s move to relist SOL, ADA and XRP comes amid market anticipation of a change at the US Securities and Exchange Commission following Donald Trump’s election as the next US president.

This is largely because SEC Chair Gary Gensler is expected to exit the agency. It’s the regulator’s designation of SOL and ADA as a security that saw Robinhood delist the tokens. SEC also sued Ripple and alleged XRP was a security until a US court ruled it wasn’t in July last year.