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Robinhood Expands Crypto Offerings in Trump Era Shift
The popular mainstream stock trading app is doubling down on its crypto offerings again.
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Stock and crypto trading app Robinhood has added Solana (SOL), Pepe (PEPE), Cardano (ADA), and XRP to its platform, bringing its total cryptocurrency offerings for U.S. users to 19.
What's the scoop?
- Delisted Offerings: Robinhood had previously delisted SOL, ADA, and others last year when the SEC identified them as possible securities in lawsuits against Binance and Coinbase.
- Political Calculations: The additions follow the recent U.S. presidential election, in which Donald Trump secured a return to the White House. His win has fueled industry optimism around the potential for a more supportive regulatory environment.
Bankless take:
Robinhood’s move signals a confident shift toward a more comprehensive crypto offering at a time when political winds appear to be shifting in favor of digital assets. This post-election optimism could pave the way for broader adoption of crypto majors and memecoins, while pushing the boundaries of what’s possible for U.S. crypto platforms.
Whether this new era will bring the sought-after regulatory clarity remains to be seen, but for now, market players seem ready to embrace a potentially friendlier landscape.