Trading and investment platform Robinhood has re-listed Solana (SOL) on its platform. A year ago, Robinhood removed the coin, forcing users to sell their SOL at $16, but it’s now valued at over $216.
This week’s re-listing also included the addition of Cardano (ADA) and Ripple (XRP), bringing Robinhood’s total cryptocurrency offerings to 19 for U.S. customers as interest in these coins grows.
Many users on social media site X (formerly Twitter) reacted strongly to the re-listing. One user tweeted, “Will never forgive Robinhood for de-listing SOL at $16.”
Robinhood first announced it would be removing SOL, ADA, and Polygon (MATIC) in June 2023 after the U.S. Securities and Exchange Commission (SEC) labeled them as unregistered securities in lawsuits against exchanges Binance and Coinbase.
Robinhood’s warning allowed users to transact these tokens up until June 27, after which any remaining holdings would be sold at market price. However, users in New York were not allowed to transfer SOL, which caused further frustration.
Robinhood’s decision to re-list these coins follows recent changes in the crypto market and talk of possible shifts in SEC leadership. Many in the crypto community expect that if SEC Chair Gary Gensler leaves, SEC rules on crypto assets might change.
Johann Kerbrat, Robinhood Crypto’s General Manager, said the company is responding to customer demand for more digital assets. “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,” Kerbrat explained in a press release.
In addition to re-listing major tokens, Robinhood also added PEPE, a popular meme coin that recently saw a price rise of over 100% in seven days.
Also Read: Pepe Coin Soars 85% Following Coinbase Listing News
