Robinhood has re-listed Solana (SOL), Cardano (ADA), and Ripple (XRP), along with adding PEPE to its offerings.
This follows the earlier removal of SOL due to the SEC’s security classification. ADA surged by 7%, and PEPE rose by nearly 20% following the announcement.
Robinhood’s move reflects possible changes in U.S. crypto regulation, as it aligns with customer demand for more digital assets. In 2023, the platform delisted these tokens in response to SEC lawsuits, but it may be adjusting its approach ahead of potential regulatory shifts post-election. With Donald Trump’s anticipated pro-crypto stance, significant SEC changes could occur in 2025.
This follows the earlier removal of SOL due to the SEC’s security classification. ADA surged by 7%, and PEPE rose by nearly 20% following the announcement.
Crypto has become a major revenue driver for Robinhood, with Q3 2024 trading volumes reaching $14.4 billion. The company is also expanding into Web3, launching crypto transfer services in the EU and exploring political prediction markets. Despite legal challenges, including a $3.9 million settlement in September, Robinhood continues to grow.
Ripple, still in a legal battle with the SEC, filed a cross-appeal last month, contesting the classification of XRP as a security, with continued support from pro-XRP figures like John Deaton.
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