Retail trading giant Robinhood is announcing the addition of new crypto assets to its burgeoning suite of products.
In a new press release, Robinhood says its adding smart contract platforms Solana (SOL) and Cardano (ADA), memecoin Pepe (PEPE), and XRP.
These four tokens will join other popular cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Chainlink (LINK), Avalanche (AVAX), and Aaave (AAVE).
As stated by Johann Kerbrat, vice president and general manager of Robinhood Crypto,
“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. With lower barriers to entry, we believe crypto presents an opportunity for those who have been historically left behind by the traditional financial system.”
Earlier this month, Robinhood and other crypto exchange platforms such as Kraken joined forces with stablecoin issuer Paxos to launch a new enterprise-grade stablecoin network that aims to increase the usage of dollar-pegged crypto assets around the world.
Last month, it was announced that if Trump were to be elected, Robinhood chief legal officer Dan Gallagher could be first in line to replace Gary Gensler as the Chair of the U.S. Securities and Exchange Commission (SEC).
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