Robinhood US relists SOL, ADA, and XRP, introduces PEPE

Vivian Nguyen

Nov. 13, 2024

Robinhood Crypto aims to democratize digital asset access for underserved investors in the US.

Key Takeaways

Robinhood Crypto has added SOL, PEPE, ADA, and XRP to its US platform.
The company's listing committee evaluates crypto assets based on internal policies for eligibility and support.

Robinhood Crypto has relisted three major altcoins—Solana (SOL), Cardano (ADA), and Ripple (XRP)—on its US trading platform, according to a Wednesday press release. The exchange has also added support for popular meme token Pepe (PEPE), expanding its total available digital assets to 19.

Explaining the decision, Johann Kerbrat, VP and GM of Robinhood Crypto pointed to customer demand. The expansion is aimed at providing diverse investment options for its existing users and potentially attracting new customers.

“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,” said Kerbrat. “With lower barriers to entry, we believe crypto presents an opportunity for those who have been historically left behind by the traditional financial system.”

Robinhood aims to make crypto investing more accessible to a wider audience. Earlier this year, the exchange introduced Bitcoin ETF trading available to its 23 million US users, broadening their investment options.

PEPE will also be listed on Coinbase, as confirmed by Paul Grewal, Coinbase’s chief legal officer. The token has jumped 50% following these listing announcements, CoinGecko data shows.

You've long wanted the frog. Well, soon you'll get the frog. @coinbase is adding PEPE to our listing roadmap with the goal of listing later today. Thanks for your patience.

— paulgrewal.eth (@iampaulgrewal) November 13, 2024

Robinhood and other exchanges delisted XRP following the SEC’s lawsuit against Ripple in 2020. In September 2024, the exchange reinstated XRP for its European Union customers, but the relisting occurred quietly without an official announcement. Users only noticed the update on Robinhood’s trading platform, where XRP was listed under its name.

Robinhood delisted SOL, along with ADA and Polygon (MATIC) in June 2023 following the SEC classifying these crypto assets as unregistered securities in lawsuits against Binance and Coinbase.

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