The well-known US-based Crypto Exchange Robinhood has released a list of Arbitrum (ARB), an Ethereum Layer 2 solution with a market capitalization of $1.8 billion.
exchange Confirmed The list via social media handles notes that ARB tokens are tradeable on the platform. ARB participates in 22 other crypto assets that Robinhood supports its trading activities.
Other supported tokens include XRP, Ethereum, Cardano, and even meme coins such as Shiba Inu, Bonk, and Dogwifhat (WIF).
Meanwhile, there are still some notable coins that Robinhood hasn't listed yet. Among them, prominent names include Tron (TRX), BNB, and Algorand (Algo). For these coins, the platform provides only real-time market data without supporting trading activities.
Robinhood's list approach
Robinhood is known for its careful approach to listings. In the past, regulatory concerns have shunned even some of the most prominent crypto assets on the market, such as XRP and Cardano.
Despite regulatory caution regarding the list of crypto assets, the platform faced scrutiny from the US SEC under the previous leadership of regulators.
However, due to a change in leadership, particularly acting committee chair Mark Weda, the SEC stopped investigating Robinhood and did not pursue enforcement action after previously issued a Wells notice.
Chief Justice Dan Gallagher said the investigation would never have happened and that they are a meaningless movement as the platform is always aimed at being in good condition with regulators.
Nevertheless, Robin Hood expressed his gratitude for the formal closure of the investigation and expressed optimism about a return to fairness and clarity from the SEC.
Amidst these changes, Robinhood is now welcoming more tokens. Some of them have long distanced themselves due to fear of regulatory measures from the SEC.
ARB prices are rising sharply
Following the announcement of the ARB list, token prices have skyrocketed significantly. Specifically, the coin has risen by more than 15%, trading at $0.4220 from the previous daytime $0.3519.
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