Robinhood Crypto EU on Wednesday stated it has determined so as to add Stellar (XLM) to crypto transfers, growing the variety of cryptocurrencies supported within the service. XLM worth continued to drop as merchants thought-about a broader market sentiment, with worth down 1% within the final 24 hours. Will this probably result in including XRP subsequent?
Robinhood Crypto Now Helps Stellar (XLM)
Fee-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.
Furthermore, customers can withdraw and deposit their XLM on the platform for a 1% deposit bonus. It is going to be accessible for a restricted time.
Robinhood Crypto now helps $XLM transfers.
Withdraw and Deposit #XLM with a 1% deposit bonus for a restricted time.
Phrases apply. Obtain 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 academic program advantages.
This week, the crypto platform additionally added Solana to crypto transfers because the Solana ETF launch odds buzz within the crypto group. Equally, 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 function launched earlier this month. These are Ripple’s XRP, zkSync (ZK), Wormhole (W), Arbitrum (ARB), Cosmos (ATOM), Polkadot (DOT), EOS, Fantom (FTM), Jupiter (JUP), Close to Protocol (NEAR), Optimism (OP), Celestia (TIA), Toncoin (TON).
“With the launch of crypto transfers in Europe, we’re making self-custody and getting into DeFi less complicated and extra accessible for our prospects,” stated Johann Kerbrat, VP and GM of Robinhood Crypto.
XLM Value Fails to Rebound
Merchants didn’t reply to the announcement by Robinhood. XLM worth continues to commerce 1% decrease within the final 24 hours. XLM worth presently trades at $0.09429. The 24-hour high and low are $0.09434 and $0.09663, respectively. Nonetheless, the buying and selling quantity has elevated by 17% within the final 24 hours, indicating curiosity amongst merchants.
Quite the opposite, the derivatives market has seen constructive shopping for within the final 24 hours. Whole 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 information of disruptive applied sciences in over 5000+ information, articles, and papers. With CoinGape Media, Varinder believes within the big potential of those modern future applied sciences. He’s presently masking all the newest updates and developments within the crypto trade.
Disclaimer: The offered content material could 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 accountability in your private monetary loss.
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