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Not a token gesture

Robinhood lists four new crypto tokens as the industry anticipates a regulatory thaw

Solana, cardano, XRP, and pepe are now available on the exchange’s US platform.

11/13/24 1:53PM

Robinhood looks to be getting in on the “Trump pump.”

(Sherwood Media is an independent subsidiary of Robinhood Markets.)

The retail-friendly exchange announced today that it has listed four new crypto tokens: Solana, pepe, cardano, and XRP. The move to expand its crypto offerings — in this case, on its US platform — comes as the crypto industry embraces what it views as a new regulatory era following the reelection of Donald Trump.

Trump ran a loudly pro-crypto campaign, with the former president pitching a bitcoin stockpile and promising to fire SEC Chair Gary Gensler, whom the industry has called anti-crypto.

Robinhood’s move to make solana and cardano available for trading is noteworthy as the exchange delisted the tokens in June 2023 on its US platform.

Fortune reported on Robinhood’s statement to customers at that time:

“Earlier this week the SEC sued crypto companies Binance and Coinbase and alleged that a number of cryptocurrencies are unregistered securities.... This introduced a cloud of uncertainty around these assets, and as a result, our team has decided to end support for them.”

Today’s relisting suggests that cloud of regulatory uncertainty may be burning off.

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