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Bitstamp, one of many oldest crypto exchanges, has introduced the itemizing of BONK, a preferred meme coin from the Solana blockchain.
The BONK/USD and BONK/EUR buying and selling pairs are actually accessible on the platform globally, except for the US and Singapore.
Woof woof! $BONK is stay on Bitstamp! 🐕 💥
Unleash the enjoyable facet of crypto and take a look at this well-liked #memecoin from @solana as we speak.
Begin buying and selling: https://t.co/YpBdrdoOO4@bonk_inu pic.twitter.com/0dfsKNoqvc
— Bitstamp (@Bitstamp) June 20, 2024
The itemizing comes simply months after Robinhood, a commission-free buying and selling platform, added assist for BONK in March, leading to a 19% value soar. The Bitstamp itemizing, nonetheless, has solely led to a modest 2% improve in BONK’s value, in accordance with knowledge from CoinGecko.
This might be attributed to the continued regulatory challenges confronted by the crypto trade, with the US Securities and Trade Fee (SEC) lately labeling a number of tokens, together with Solana, as unregistered securities in its authorized actions towards crypto exchanges Binance and Coinbase.
Regardless of these challenges, Robinhood stays bullish on the crypto market and has introduced plans to amass Bitstamp for $200 million in money. The deal, which was revealed earlier this month, is anticipated to shut within the first half of 2025.
Based on dealer Bernstein, the acquisition might considerably develop Robinhood’s crypto choices, as Bitstamp at present lists greater than 85 tokens, in comparison with Robinhood’s 15 within the US and over 30 in Europe.
Robinhood Crypto, a subsidiary of Robinhood, lately obtained a Wells Discover from the SEC, indicating the company’s intention to provoke civil enforcement motion towards the corporate for alleged violations of the Securities Trade Act of 1934.
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