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:
- Solana has seeing a steady buildup of excitement in the traditional public markets recently, with new spot ETFs being applied for in both Canada and the United States and publicly listed companies beginning to accumulate Solana for the first time ever
The intrigue:
- Robinhood also has listed multiple other new cryptocurrencies onto their brokerage alongside of Solana, including Pepe, Cardano and XRP
