2024-11-30 11:55 |
Bitstamp, one of the longest-established cryptocurrency exchanges, has expanded its offerings for US traders by listing Solana (SOL) and Pepe (PEPE).
US users can now trade Solana and Pepe against the US dollar and the Euro through four spot trading pairs: SOL/USD, SOL/EUR, PEPE/USD, and PEPE/EUR on Bitstamp.
Spotlight on Solana and PEPEBitstamp’s decision to list PEPE and SOL aligns with a trend of increasing adoption among major exchanges.
Notably, the recent listing of PEPE on Coinbase and Robinhood has amplified interest in the meme coin, while Solana’s expanding ecosystem continues to solidify its position as a leader in blockchain technology.
With a robust ecosystem supporting decentralized finance (DeFi), NFTs, gaming, and meme coins, Solana has gained popularity among developers and investors alike. Its native token, SOL, recently hit a record-breaking $263, reflecting a staggering 305% annual growth.
Pepe, on the other hand, has emerged as one of the most buzzworthy meme coins on the Ethereum blockchain. Its price has experienced sharp rises in recent months, benefiting from a favorable market environment and new exchange listings.
By introducing these tokens to US customers, Bitstamp aims to tap into a broader user base while meeting the evolving demands of the crypto community.
Market reactionsThe listing announcement has generated positive momentum for both tokens. SOL’s price surged to $247 before retracting to $241.92 at press time, while PEPE saw a 6% increase, climbing to $0.000021 shortly after the news broke.
The listing of these tokens underscores Bitstamp’s commitment to offering a diverse range of assets, capitalizing on the growing demand for both established blockchain projects like Solana and niche market favorites like PEPE.
The new listings not only enhance the exchange’s asset portfolio but also position Bitstamp as a key player in facilitating access to innovative blockchain projects for US traders.
The listings follow Bitstamp’s earlier achievements, including securing a MiFID Multilateral Trading Facility (MTF) license from European regulators.
The exchange also holds regulatory approval from the New York State Department of Financial Services as a money transmitter and virtual currency business and continues to strengthen its compliance credentials.
The post Bitstamp USA lists PEPE and Solana appeared first on Invezz
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