JAKARTA - In an effort to expand the crypto asset ecosystem, the Robinhood crypto exchange plans to add new crypto assets to its trading platform. Recently, this popular trading platform officially added Solana (SOL) to the list of assets supported on Robinhood Wallet.
With this addition, Robinhood users can now store, send, and receive Solana tokens directly from the app, without worrying about managing their crypto assets through intermediaries. This is an important step that marks Robinhood's seriousness in enriching crypto asset offerings, providing convenience for its users in accessing Solana.
Johann Kerbrat, General Manager of Robinhood Crypto, emphasized that Solana's integration expands crypto options in Robinhood which previously only supported Bitcoin, Ethereum, and Polygon.
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The self-custody feature is also available to users, allowing them to directly manage SOL tokens in their digital wallets. The move comes as Robinhood is expanding its operational licenses across countries and affirms their commitment to providing a secure and comfortable experience for users.
Robinhood's support for Solana was positively welcomed by the crypto market. The price of SOL was recorded to have increased after the announcement. According to CoinGape's report, Solana is expected to rise by around 18% in the near future, with the potential breakout on the flag pattern. Currently, the price of SOL is at 153 US dollars (around Rp2,142,000), and still shows a bullish trend with the support of the accumulation of large investors and a 42% increase in Total Value Locked (TVL) in August.
In the past week, the price of SOL has risen 7.53% and is now trading in the range of 153.90 US dollars (around Rp2,154,600). This increase reflects market confidence in Solana as one of the potential crypto assets, especially with Robinhood support which has a large global user base.
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