Stellar (XLM) and Avalanche (AVAX) money are rallying after Robinhood launched proper this second that it has added them to the document of tradable digital property on the favored shopping for and promoting app.
AVAX and XLM are literally on Robinhood @avalancheavax @StellarOrg #CryptoListing https://t.co/QtzBwskSdo
— Robinhood (@RobinhoodApp) August 8, 2022
On the time of writing, XLM was shopping for and promoting at $0.1314 up 6.04% over the earlier 24 hours whereas AVAX was shopping for and promoting at $29.73 up 7.5% over the earlier 24 hours.
Every Avalanche and Stellar Lumen money have been on a bullish improvement given that beginning of August and the data of itemizing on Robinhood might ship the prices of the tokens skyrocketing to new highs. The knowledge has moreover come at a time when merchants and crypto retailers think about the crypto market is making a U-turn from its present bear market.
Robinhood’s expansive crypto offering
Robinhood, which is predominantly acknowledged for stock shopping for and promoting, is assumed for its conservative itemizing protection significantly within the case of digital property. Nonetheless it has significantly expanded its crypto offering document this 12 months.
Robinhood ventured into cryptocurrency in February 2018 by itemizing Bitcoin and a very small assortment of altcoins. Later that 12 months, the favored meme coin, Dogecoin (DOGE) was listed on Robinhood. The itemizing of Dogecoin despatched the value of DOGE skyrocketing and compelled the likes of Shiba Inu to begin out petitioning the shopping for and promoting app to moreover document it.
In early April 2022, the favored shopping for and promoting app added Solana (SOL), Shiba Inu (SHIB), and Polygon (MATIC) sooner than together with Chainlink (LINK) in late June.
Early this 12 months, Robinhood moreover started rolling out crypto wallets to allow prospects to withdraw cryptocurrencies from exchanges.
