# Robinhood Brings Solana Support to its Wallet

*Author: Jack Inabinet*
*Published: Aug 27, 2024*
*Source: https://www.bankless.com/de/robinhood-brings-solana-support-to-its-wallet*

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Robinhood now supports certain types of Solana transactions in its Web3 wallet.

## What’s the Scoop?
- **New Network:** The Robinhood Wallet has [added](https://robinhood.com/us/en/support/articles/robinhood-wallet-faqs/) token swap and send/receive functionality for Solana native tokens, complementing existing support for Bitcoin, Ethereum, Arbitrum, Polygon, Optimism, Base, and Dogecoin transactions.
- **No SOL:** Despite Robinhood’s willingness to offer Solana support in its wallet and ongoing acceptance of Solana-native USDC transfers to the exchange, SOL remains delisted for the exchange’s American users.

## Bankless Take:
While Robinhood unexpectedly [curtailed](https://www.coindesk.com/markets/2023/06/09/robinhood-ends-support-for-some-tokens-named-in-sec-lawsuit-as-securities/?_gl=1*1msaxwh*_up*MQ..*_ga*MTYwODg0ODgwLjE3MjQ3ODk1NTU.*_ga_VM3STRYVN8*MTcyNDc4OTU1NS4xLjAuMTcyNDc4OTU1NS4wLjAuMTgxMjc4MzIyNg..) Solana trading support in June 2023 after the SEC sent it a legal complaint alleging that SOL is a security, the firm is doubling down on efforts to provide onchain functionality for the network, potentially indicating that it perceives a growth opportunity in the ecosystem.

Unfortunately, SOL is likely to remain delisted from the Robinhood exchange for the foreseeable future, considering that recent [reporting](https://www.theblock.co/post/312031/the-sec-rejected-cboes-19b-4-filings-for-solana-etfs-source) indicates the SEC denied pending spot SOL ETF applications on the grounds that it still believes the underlying token is a digital asset security.

> Super excited to announce that the Solana network is now live on Robinhood Wallet!Starting today, you can self-custody [@solana](https://twitter.com/solana?ref_src=twsrc%5Etfw) tokens and send + receive over the Solana blockchain.— Johann Kerbrat (@JohannKerbrat) [August 27, 2024](https://twitter.com/JohannKerbrat/status/1828492937505722739?ref_src=twsrc%5Etfw)

 
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