Robinhood Adds SOL, PEPE, ADA, XRP Following Trump Victory

Stock and crypto trading platform Robinhood (HOOD) has added sizably to the number of cryptocurrencies available to trade for U.S. customers just one week after elections appeared to usher in a far friendlier regulatory environment for the industry.

With the introduction of Solana (SOL), Pepe (PEPE), Cardano (ADA) and XRP (XRP), Robinhood will now offer trading in 19 cryptocurrencies for its American clientele, the company said in a blog post Wednesday morning.

Coinbase (COIN) — which already offered all of the HOOD additions — joined Robinhood in adding PEPE to its platform.

All of the named cryptos moved modestly higher alongside the announcements, as did bitcoin, which printed a new record high above $91,000.

“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,” Johann Kerbrat, vice president and general manager of Robinhood Crypto, said.

The news comes as President-elect Donald Trump, who is set to take office in January, is expected to push very little against crypto-related innovation. Among his pre-election promises was the firing of crypto-gadfly U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler.

Last year, Robinhood ended support for several tokens, including SOL and ADA, after some of them were named as securities in a lawsuit by the SEC against Binance and Coinbase.

Industry leaders are hoping for more clarity from the SEC on which tokens will be considered a security and which won’t. The current SEC under chair Gary Gensler has not given firms any guidance on the topic. It has, however, sued crypto exchanges for allegedly violating federal securities laws by offering unregistered securities.

İlginizi Çekebilir:Saylor Teases New Bitcoin Buy After Strategy’s $7.69 Billion Q1 Buying Spree
share Paylaş facebook pinterest whatsapp x print

Benzer İçerikler

Tesla Marked Up Bitcoin Holdings Valuation in Q4, Booking a $600M Gain
Crypto Greed Index Flashes ‘Extreme Fear’ as Market Drops 10%
Bitcoin Sales by Long-Term Holders Seem to Have Bottomed Out: Van Straten
Babylon, Which Has Over $4B BTC Locked, Launches Layer 1 ‘Genesis’ to Advance Its BTC Yield Platform
BlockFi Appeals to Creditors to Come Forward and Claim Bankruptcy Distributions
Bitcoin’s Price Stability at Risk From Potential ‘Basis Trade Blowup’ That Catalyzed the COVID Crash
Bahiscom Resmi Giriş | © 2024 |
404 Not Found

404

Not Found

The resource requested could not be found on this server!


Proudly powered by LiteSpeed Web Server

Please be advised that LiteSpeed Technologies Inc. is not a web hosting company and, as such, has no control over content found on this site.