Robinhood Expands Crypto Portfolio, Adding SOL, XRP, ADA, and PEPE
Robinhood has significantly expanded its cryptocurrency offerings by adding Solana (SOL), XRP, Cardano (ADA), and the meme token PepeCoin (PEPE) to its trading platform for U.S. customers. This expansion brings the total number of available cryptocurrencies on the platform to 19, marking a notable shift in the company’s approach to digital assets.
The decision represents a reversal of Robinhood’s previous stance, particularly regarding Solana and Cardano, which were delisted last year amid regulatory concerns. The reintroduction comes at a time when the cryptocurrency market is experiencing significant momentum, with Bitcoin recently reaching an all-time high above $90,000.
“We’ve consistently heard from our customers that they want access to more digital assets,” said Johann Kerbrat, Vice President and General Manager of Robinhood Crypto. “With lower barriers to entry, we believe crypto presents an opportunity for those who have been historically left behind by the traditional financial system.”
The timing of this expansion appears closely tied to the changing political landscape. Trump’s recent electoral victory has sparked optimism within the crypto community, as his administration is expected to adopt a more favorable stance toward digital innovation. This shift could potentially lead to significant changes at the Securities and Exchange Commission (SEC), which under current Chair Gary Gensler’s leadership has maintained a stringent approach toward cryptocurrency regulation.
Market reaction to the listings has been notably positive, with all four tokens experiencing significant price movements. PepeCoin, in particular, saw a dramatic surge, while Solana, Cardano, and XRP also posted substantial gains following the announcement.
This development comes as part of a broader industry trend, with other major platforms like Coinbase also expanding their offerings. The move signals growing confidence in the digital asset market, fueled by expectations of a more supportive regulatory environment under the incoming administration.
For Robinhood, which faced regulatory scrutiny earlier this year regarding its crypto business, this expansion represents a bold step forward in its digital asset strategy. The company’s decision to include both established cryptocurrencies and a popular meme coin reflects an effort to cater to diverse investor interests while navigating the evolving regulatory landscape.
