Robinhood Lists Solana, XRP,
Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano and
Pepe—
And One Just Hit
an All-Time High
Robinhood Lists Solana, XRP, Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano and Pepe—And One Just Hit an All-Time
High
Robinhood pared back its crypto listings amid an industry-wide crackdown last
year, but it's brought a couple back—along with newcomers.
By André Beganski
Nov 13, 2024 Nov 13, 2024
3 min read
Bitcoin on Robinhood. Image: Shutterstock
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Robinhood’s crypto arm relisted Solana ( SOL• Отдых, развлечения » Хобби » Коллекционирование » Нумизматика » Монета » Соль (монета) ) and Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano ( ADA ) for U.S• Соединённые Штаты Америки (США).
customers Wednesday, reversing changes made amid a regulatory crackdown on the
industry last year while also adding support for XRP and the meme coin• Отдых, развлечения » Хобби » Коллекционирование » Нумизматика » Монета
PepeCoin ( PEPE ).
The U.S. Securities and Exchange Commission (SEC) brought lawsuits against
Coinbase and Binance last year, in part alleging that the firms offered Solana
and Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano to investors as unregistered securities, among several other
tokens, including Polygon (previously MATIC , now POL).
Meanwhile, Ripple Labs has fought a four-year legal battle against the
regulator over XRP. While a federal judge in New York• Соединённые Штаты Америки (США) » Административные единицы США » Административное деление США » Нью-Джерси » Нью-Йорк
• Соединённые Штаты Америки (США) » Населенные пункты США » Города США » Города штата Нью-Йорк » Нью-Йорк found last year that XRP
wasn’t offered as a security through certain transactions —viewed as an
industry win—the SEC filed a last-minute appeal in October.
Under the leadership of SEC Chair Gary Gensler, the agency has targeted broad
swaths of the crypto industry, alleging that many players are in violation of
its rules. However, the SEC is expected to adopt a less punitive approach
toward crypto with Donald Trump• Объект человек » Персоналии по алфавиту » Персоналии на Тр » Трамп, Дональд’s White House• Соединённые Штаты Америки (США) » Государственное устройство США » Президент США » Белый дом (США)
• Соединённые Штаты Америки (США) » Населенные пункты США » Города США » Вашингтон » Белый дом (США)
• Соединённые Штаты Америки (США) » Политика США » Политики США » Президент США » Белый дом (США)
• Политика » Политика США » Политики США » Президент США » Белый дом (США)
• Государство » Государственное устройство США » Президент США » Белый дом (США) win, spurring hopes of a
regulatory framework for crypto or a new SEC figurehead .
Robinhood itself faced regulatory heat from the SEC earlier this year.
Scrutinizing digital assets offered, the commission-free trading platform
disclosed in May that it had received an enforcement action threat from the
regulator centered on its crypto business• Экономика » Бизнес.
While crypto exchanges will often support a panoply of assets, Robinhood’s
roster of available assets has been comparatively limited. In 2021, Robinhood
Crypto’s then-COO Christine Hall said the “safety-first company” assesses its
tokens extensively from a regulatory perspective.
As a token that trades on little more than vibes, Pepe became synonymous with
an industry-wide bout of meme coin• Отдых, развлечения » Хобби » Коллекционирование » Нумизматика » Монета mania that ran hot this spring. Since then,
the Ethereum-based token has solidified its presence as one of the largest
meme coins by market cap, only behind its dog-themed contemporaries, Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin
( DOGE ) and Shiba Inu ( SHIB ).
As of this writing, Pepe’s value has leapt 40% over the past day, rising
sharply toward an all-time high price of $0.00001822 on Robinhood’s listing.
Meanwhile, Solana’s 2.2% rise to $216 and Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano’s 6.8% jump to $0.59 trailed
XRP, popping 6.8% to $0.71 over the past day.
Lifting Robinhood’s roster of available cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта in the U.S• Соединённые Штаты Америки (США)., Pepe
joins a relatively small crew of meme coins on the platform. Robinhood opened
its doors to Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin in 2018, while Shiba Inu was added years later in 2022,
a move that was accompanied by a $100,000 SHIB giveaway.
When asked for comment about the decision not to relist Polygon, Robinhood did
not immediately respond to a request for comment from Decrypt .
In a blog post , Robinhood Crypto’s General Manager and Vice President Johann
Kerbrat said the expansion for the company’s crypto arm was driven by investor
interest. At the same time, Robinhood said it regularly reviews assets for
listing based on internal policies.
“We’ve consistently heard from our customers that they want access to more
digital assets,” he said. “With lower barriers to entry, we believe crypto
presents an opportunity for those who have been historically left behind• Литература » Художественная литература » Поэзия » Стихотворные произведения » Песни » Песни Slipknot » Left Behind
• Музыка » Песни » Песни Slipknot » Left Behind by
the traditional financial system.”
Edited by Andrew Hayward
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