2 popular altcoins that are among the top 30 by market capitalization are listed on Robinhood. After the announcement made in the past hours, prices jumped in double digits independently of the market.
Robinhood opens 2 large-volume altcoin projects to transactions
Avalanche (AVAX) and Stellar (XLM) were listed on cryptocurrency exchange Robinhood as of August 8. cryptocoin.com Shiba Inu (SHIB) and Chainlink (LINK) were other recently listed altcoins. The announcement came from Robinhood’s official Twitter account recently. AVAX gained 12% at one point after the news.
AVAX and XLM are now on Robinhood @avalancheavax @StellarOrg #CryptoListing https://t.co/QtzBwskSdo
— Robinhood (@RobinhoodApp) August 8, 2022
AVAX up 12% after Robinhood listing
AVAX jumped about 12% after the announcement. It is currently trading just below $30 with a minor correction. Meanwhile, 24-hour trading volume increased more than 35% to $1,007 billion. The market capitalization of AVAX is currently more than 8.4 billion. At the time of writing, it is showing drastic moves forcing the $30 resistance.
After the announcement, the Stellar (XLM) price also gained more than 10%. Thus, 24-hour trading volume grew by more than 40% to $199.6 million. XLM is currently trading at $0.1334. Despite the sales, his earnings for the last 24 hours are over 8%.
Robinhood continues to open its doors to new altcoin projects
Robinhood, a popular cryptocurrency exchange, is known for its method of listing cryptocurrencies. In July, Robinhood opened transactions for LINK on its platform. Prior to that, he listed well-known altcoins like Shiba Inu, Solana, and Polygon. As of now, Robinhood provides trading in a total of 15 cryptocurrencies.
