XRP Coin, ADA, SOL and PEPE are now on Robinhood's list!
Cryptocurrency exchange Robinhood has relisted XRP Coin, Solana (SOL), ADA, and Pepe (PEPE) on its US platform. The meme coin, in particular, saw a sharp rise in value after being listed by Coinbase. Here are the details…
XRP Coin, ADA, SOL and PEPE are now on Robinhood’s list
Popular commission-free trading application Robinhood has expanded the altcoin offerings available to its US customers. Accordingly, Ripple-affiliated XRP Coin, Solana (SOL), Pepe (PEPE), and Cardano (ADA) will now be available for trading by Robinhood users in the United States. With the latest additions, the number of cryptocurrencies available in the US has increased to 19. In addition to the tokens mentioned, Robinhood also offers Dogecoin (DOGE), Avalanche (AVAX), and Shiba Inu (SHIB).
Johann Kerbrat of Robinhood Crypto states that there is a demand for more cryptocurrencies from its customers. In June 2023, the trading platform announced its intention to delist ADA, SOL, and Polygon (MATIC). The decision was made after the tokens in question were classified as securities by the SEC in its lawsuits against two leading cryptocurrency trading platforms, Binance and Coinbase. Last December, Robinhood launched cryptocurrency trading in the EU. Notably, the delisted tokens were also included in the company’s EU offering. Now that the SEC has begun to relax its grip, Roinbhood has felt confident in making several altcoins accessible to US users. According to experts, the SEC is expected to drop all non-fraud cryptocurrency cases in the near future.
Coinbase will list PEPE
In separate news, Coinbase will also add PEPE to its listing. The exchange will start transactions on November 13, 2024, if liquidity conditions are met. In this context, the exchange made the following announcement:
Coinbase will add support for Pepe (PEPE) on the Ethereum network (ERC-20 token). Please do not send this asset through other networks or your funds may be lost. Transfers for this asset are enabled on Coinbase and CoinbaseExch in regions where trading is supported. If liquidity conditions are met, trading will begin on or after November 13, 2024 at 11:30 AM ET. Trading in the PEPE-USD trading pair will be phased in once there is sufficient supply of this asset.
After this development, PEPE made a strong exit. The meme coin suddenly jumped from the level of $0.0000125 during the day to $0.00001861. At the time of writing, PEPE was changing hands at $0.00001861, up 47 percent on a daily basis. Meanwhile, the token’s trading volume also saw a remarkable increase of 22 percent. This reflects the interest of investors and traders in the token.
