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Robinhood Is Embracing Solana

November 13, 2024
x min read
Robinhood is listing Solana
Mentioned:

Solana is available for trading once again on Robinhood. And this time, it looks like it’s here to stay.

What’s happening:

  • Robinhood (NASDAQ: HOOD) has announced they are listing Solana for users to be able to trade within their brokerage platform

Why it matters:

  • Robinhood previously delisted Solana over regulatory concerns and uncertainty, which have been largely diminished due to the dramatic positive shift in political sentiment around crypto and digital assets that’s been happening as a result of the recent presidential election in the United States of America
  • Solana has been seeing an explosion in user growth and trading volumes lately, notably hitting a new high for active wallet address within the Solana ecosystem

By the numbers:

  • Robinhood currently has more than 24M users trading on their brokerage

Going deeper:

The intrigue:

  • Robinhood also has listed multiple other new cryptocurrencies onto their brokerage alongside of Solana, including Pepe, Cardano and XRP

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