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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. <?xml encoding="UTF-8"?>Robinhood Crypto has relisted three major altcoins—Solana (SOL), Cardano (ADA), and XRP (XRP)—to 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 30% following these listing announcements, CoinGecko data shows.
The latest announcement comes after Robinhood said it has partnered with donor-advised fund Daffy to enable users to donate crypto and other financial assets to more than 1.5 million charities through the trading platform’s interface.
The integration will allow Robinhood’s users, who collectively hold $14.4 billion in crypto assets under custody, to make charitable contributions through a familiar interface.
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