30s Summary

Trading app Robinhood has expanded its cryptocurrency offerings to include Solana, Pepe, Cardano, and XRP, responding to customer demands for increased digital assets. This follows the election of Donald Trump, who is expected to provide the crypto industry with more regulatory clarity. Previously, Robinhood had to remove support for certain tokens, including SOL and ADA, after they were classified as securities.

Full Article

Robinhood, the trading app, has expanded its cryptocurrency offerings. Now, you can trade Solana, Pepe, Cardano and XRP on its platform. Coinbase, another trading platform, already included these in its offerings, has also added Pepe to its list. This change comes a week after Donald Trump, known for his positive stance towards cryptocurrencies, was elected president, promising a more accommodative regulatory environment.

Robinhood made this move to respond to its clients’ demands for a broader range of digital assets. “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 Johann Kerbrat, the Vice President and General Manager of Robinhood Crypto.

In the past, Robinhood had to withdraw support for several tokens, including SOL and ADA, after these were classified as securities in a lawsuit by SEC against Binance and Coinbase. With the election of Donald Trump, more legal clarity is expected in the crypto industry, particularly on which tokens will be considered securities.