- Robinhood has relisted Solana, Cardano, and Ripple on its U.S. platform, alongside adding PEPE to its crypto offerings.
- Robinhood’s relisting move has spurred price rallies for the aforementioned digital assets boosting on the bullish momentum.
Robinhood, a prominent trading platform based in the U.S. has relisted Solana, Cardano, and Ripple. In the same vein, the trading platform has also added PEPE to its crypto offerings. This decisive move comes after the platforms decided to delist certain tokens earlier this year, including Polygon and Solana, when the SEC classified some of them as securities.
[🌲] Robinhood US Seen Relisting Solana, Cardano And Ripple As Well As Listing PEPE: Robinhood Website
— Tree News (@News_Of_Alpha) November 13, 2024
The initial delisting sparked overwhelming customer dissatisfaction with users opting for other platforms to access these popular coins. With a great commitment to respond to customer grievances.
Earlier this year, regulatory pressure led the platform to delist SOL, ADA, and Polygon (MATIC) following the SEC’s classification of these tokens as securities in lawsuits against major exchanges Binance and Coinbase. The return of SOL, ADA, and XRP signals Robinhood’s intention to support customer demand while navigating complex regulatory waters.
Robinhood’s relisting of these digital assets reflects a nuanced approach to the evolving regulatory landscape. This was later boldened by the recent U.S. elections where Pro Crypto Donald Trump won the presidential race.
Additionally, Robinhood’s crypto listing committee prioritizes safety by continuously monitoring listed assets against internal policies and industry standards.
Following the announcement, the aforementioned tokens have experienced rallies partially influenced by the relisting. Taking a look at XRP, the digital asset at the time of press is swapping hands with $0.6985 marking a 5.74% surge in the last 24 hours.
Simultaneously, PEPE one of the most recent meme coins but already making waves in the crypto sphere is swapping wallets with $0.00002281 marking a notable 76.06% surge in the past 24 hours. Solana on the other hand is a force to reckon with in the cryptocurrency landscape, at the time of writing, Solana’s SOL is changing wallets with $218.81 marking a 6.46% surge.
According to Johann Kerbrat, Robinhood’s Vice President and General Manager of Crypto, the decision aligns with the company’s mission of making financial systems more inclusive. He emphasized that crypto’s lower entry barriers make it an attractive option for those who may face hurdles in traditional finance, potentially broadening financial accessibility through digital assets.
Robinhood’s efforts extend beyond the U.S. market. Recently, the company expanded its crypto services in Europe, allowing EU customers to transfer a wider array of digital assets in and out of the platform.
Taking a closer look at XRP’s metrics, analysts suggest that XRP is on the verge of breaking out from a bullish flag pattern that indicates a potential end to its re-accumulation phase. Analysts are watching key targets of $0.9650, $1.3510, and $1.9336, which could signal significant price growth if XRP maintains its upward momentum.
On the other hand, PEPE has also captured great attention, surging by more than 70% as it broke past a critical resistance level, suggesting the potential for further gains.
