26.02.2024

Stellar (XLM) and Avalanche (AVAX) take off after detailing on Robinhood

Stellar(XLM)as well as Avalanche(AVAX)coins are rallying after Robinhood announced today that it has included them to the checklist of tradable digital properties on the popular trading app. AVAX as well as XLM are currently on Robinhood @avalancheavax @StellarOrg #CryptoListing

At the time of composing, XLM was trading at $0.1314 up 6.04% over the previous 24 hrs while AVAX was trading at $29.73 up 7.5% over the past 24 hours.

Both Avalanche and Stellar Lumen coins have actually been on a bullish pattern since the start of August and also the information of listing on Robinhood might send out the rates of the symbols skyrocketing to new highs.

The information has actually likewise come at a time when investors and also crypto traders think the crypto market is making a U-turn from its current bear market.

Robinhood&’s large crypto offering

Robinhood, which is primarily known for supply trading, is understood for its traditional listing plan particularly when it concerns digital assets. However it has dramatically increased its crypto offering checklist this year.

Robinhood ventured right into cryptocurrency in February 2018 by detailing Bitcoin and also a very little selection of altcoins. Later on that year, the preferred meme coin, Dogecoin (DOGE) was detailed on Robinhood. The listing of Dogecoin sent the rate of DOGE escalating and required the likes of Shiba Inu to start requesting the trading app to additionally detail it.

In early April 2022, the prominent trading app added Solana (SOL), Shiba Inu (SHIB), and Polygon (MATIC) before adding Chainlink (LINK) in late June.

Early this year, Robinhood additionally started rolling out crypto wallets to enable users to take out cryptocurrencies from exchanges.

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