Robinhood Crypto EU on Wednesday stated it has determined so as to add Stellar (XLM) to crypto transfers, rising the variety of cryptocurrencies supported within the service. XLM value continued to drop as merchants thought of a broader market sentiment, with value down 1% within the final 24 hours. Will this possible result in including XRP subsequent?
Robinhood Crypto Now Supports Stellar (XLM)
Commission-free investing app Robinhood Europe’s crypto arm in an official announcement on October 23 revealed that it has added XLM to cryptocurrencies supported in crypto transfers.
Moreover, customers can withdraw and deposit their XLM on the platform for a 1% deposit bonus. It might be out there for a restricted time.
Robinhood Crypto now helps $XLM transfers.
Withdraw and Deposit #XLM with a 1% deposit bonus for a restricted time.
Terms apply. Download the app: https://t.co/sb4gDoO6Ls#RobinhoodOnchain pic.twitter.com/sONd3LIhuY
— Robinhood Crypto EU (@RobinhoodCrypto) October 23, 2024
Crypto transfers permit European prospects to deposit and withdraw over 25 cryptocurrencies, together with Bitcoin, Ethereum, Solana, and USDC. It gives customers management, safety, and crime insurance coverage, together with instructional program advantages.
This week, the crypto platform additionally added Solana to crypto transfers because the Solana ETF launch odds buzz within the crypto group. Similarly, a possible launch of XRP ETF has additionally witnessed rising hypothesis. Robinhood listed XRP on the platform for buying and selling, however for EU customers solely.
As CoinGape reported, the corporate excluded tokens from the crypto transfer characteristic launched earlier this month. These are Ripple’s XRP, zkSync (ZK), Wormhole (W), Arbitrum (ARB), Cosmos (ATOM), Polkadot (DOT), EOS, Fantom (FTM), Jupiter (JUP), Near Protocol (NEAR), Optimism (OP), Celestia (TIA), Toncoin (TON).
“With the launch of crypto transfers in Europe, we’re making self-custody and entering DeFi simpler and more accessible for our customers,” stated Johann Kerbrat, VP and GM of Robinhood Crypto.
XLM Price Fails to Rebound
Traders didn’t reply to the announcement by Robinhood. XLM value continues to commerce 1% decrease within the final 24 hours. XLM value at the moment trades at $0.09429. The 24-hour high and low are $0.09434 and $0.09663, respectively. However, the buying and selling quantity has elevated by 17% within the final 24 hours, indicating curiosity amongst merchants.
On the opposite, the derivatives market has seen optimistic shopping for within the final 24 hours. Total XLM futures OI jumped over 3% to 320.31 million valued at $30.18 million, as per Coinglass data.
Varinder Singh
Varinder has 10 years of expertise within the Fintech sector, with over 5 years devoted to blockchain, crypto, and Web3 developments. Being a know-how fanatic and analytical thinker, he has shared his data of disruptive applied sciences in over 5000+ information, articles, and papers. With CoinGape Media, Varinder believes within the enormous potential of those progressive future applied sciences. He is at the moment protecting all the newest updates and developments within the crypto trade.
Disclaimer: The introduced content material might embrace the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any duty in your private monetary loss.
