- Robinhood lists meme coin PEPE and re-lists Solana, Cardano, and Ripple tokens.
- PEPE’s listing boosts its value by 32% in one day, 90% over a week.
- New regulatory landscape expected to support broader crypto asset listings in 2024.
Robinhood has expanded its cryptocurrency offerings, listing the Pepe (PEPE) meme coin while also re-listing Solana (SOL), Cardano (ADA), and Ripple (XRP) on its U.S. platform. This move by the trading platform on Wednesday has significantly impacted PEPE, with the meme token seeing a 32% increase in value in the past day and a 90% surge over the past week.
Crypto Sector Gains Momentum in 2024
The crypto market is experiencing renewed momentum in 2024, bolstered by the recent approval of two ETFs and a perceived shift toward supportive regulations under the administration of President Donald Trump. Robinhood’s recent listings reflect the industry’s expectation of regulatory changes that could benefit digital assets and foster broader crypto adoption.
Previously, Robinhood delisted SOL, ADA, and XRP in response to SEC actions against platforms like Coinbase for alleged sale of unregistered securities. However, with indications of a potentially friendlier regulatory approach, Robinhood’s decision to re-list these tokens signals a new phase of inclusion for prominent cryptocurrencies.
Source: Pepecoins
PEPE and Market Impact
The inclusion of PEPE on Robinhood has resulted in substantial gains for the token, with CoinMarketCap reporting a 90% rise over the past week. Robinhood’s expanded crypto lineup underscores its response to evolving market demands and reflects shifting perspectives in the regulatory space.
