Robinhood Crypto, a division of Robinhood Markets (Nasdaq: HOOD), expands its offering with Solana (SOL), Pepe (PEPE), Cardano (ADA) and XRP (XRP) for U.S. customers.
Robinhood Crypto’s commitment to expanding access whole also maintaining a safe platform now deepens with the addition of 4 digital assets.
Robinhood Crypto announced the addition of Solana (SOL), Pepe (PEPE), Cardano (ADA) & XRP (XRP) to its U.S. platform, bringing the total number of cryptocurrencies available for trading to 19.
Johann Kerbrat, VP and GM of Robinhood Crypto said that they’ve consistently heard from customers that they want “access to more digital assets, and they’re excited to continue expanding our crypto offering.”
Kerbrat added that with lower barriers to entry, they believe crypto presents an opportunity for those who have “been historically left behind by the traditional financial system.”
Robinhood Crypto’s listing committee regularly reviews cryptocurrencies to determine if they meet the “requirements under our internal policies and procedures for listing and continued support on the Robinhood Crypto platform.”
It’s worthwhile to note that platforms like Robinhood are still not very easy to navigate. For instance, there are options to deposit funds via credit / debit cards along with bank deposits. However, users often encounter blocks which prevents them from using their payment cards to buy crypto-assets.
Although there’s still the bank account option, this might not be the safest option from the users’ point of view. Customers may not always feel confident providing their sensitive bank account details because they could potentially be used by bad actors to steal funds. Despite these issues, crypto is here to stay according to most industry analysts. That’s why it is probably a good idea to gain some exposure to this nascent asset class.
Robinhood Crypto, LLC offers cryptocurrency trading services.
Cryptocurrency held via Robinhood Crypto is “not FDIC insured or SIPC protected.”
Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services.
