Robinhood Lists Solana, XRP, Cardano and Pepe—And One Just Hit an All-Time High
Robinhood has reintroduced several cryptocurrencies, including Solana, XRP, Cardano, and the meme coin Pepe, marking a comeback after previously paring back its crypto listings during a regulatory crackdown. The SEC's enforcement actions against major crypto exchanges like Coinbase and Binance have influenced these decisions regarding asset listings. Notably, Pepe surged 40% recently, reaching an all-time high of $0.00001822 following its listing on Robinhood. Meanwhile, XRP saw a significant increase of 6.8%, alongside rises in Solana and Cardano. Robinhood's General Manager cited growing customer demand for more digital assets as a driving factor in expanding their crypto offerings, emphasizing the company's commitment to accessibility in the crypto market. Historically, Robinhood has approached crypto listings with caution, ensuring regulatory compliance, but the current market dynamics and investor interest have prompted a broader selection of listed assets.
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