🚀 Stay Ahead with AltcoinDaily.co! 🌐
Robinhood Crypto EU has added a new cryptocurrency to the list of cryptocurrencies it supports. It announced the move in a post on X. As per the post, Robinhood has added Stellar (XLM) to its list of crypto transfers.
Robinhood Offers Incentives for XLM Deposits
This development allows users to withdraw and deposit XKM within the Robinhood platform. This addition offers more flexibility and options to users in moving funds in and out of their Robinhood accounts.
Meanwhile, Robinhood has put up a promotional offer on deposits. As per the update, users get a 1% deposit bonus reward. For instance, if a user deposits 1,000 XLM, they would receive an extra 1o XLM as a bonus for making the deposit. However, the offer will last a limited time.
🌟 Unlock Crypto Insights with AltcoinDaily.co! 💰
This development is similar to Robinhood’s expansion of crypto offerings to New York residents earlier this year. On that occasion, the online fintech broker added three new assets: XLM, Uniswap (UNI), and Tezos (XTZ).
XRP Speculation Continues
Notably, crypto transfers allow European users to make deposits and withdrawals of different cryptocurrencies. As of the last count, over 25 cryptocurrencies, including Bitcoin, Ethereum, and Solana, are available to them. The addition of XLM increases the tally for EU customers.
Robinhood also added Solana to its list of crypto transfers earlier this week. The move comes amidst an ongoing conversation about launching the Solana exchange-traded fund (ETF). Besides Solana, Robinhood also listed XRP for trading on the platform for its EU customers.
🦂 AltcoinDaily.co is your trusted source for the latest in crypto news and insights. 🚀
The XRP listing has sparked speculations on the possibility of an XRP ETF launch. The talks are getting more intense despite ongoing legal hurdles between Ripple and the U.S. Securities and Exchange Commission (SEC).
Market Outlook for XLM
As of this writing, data shows XLM continues to trade down by 1.26% to change hands for $0.09425. This price decline indicates investors in the asset are yet to respond to Robinhood’s update on the offering and reward.
However, bullish sentiments suggest that Stellar’s price might pick up. Despite the declining price, trading volume rose by 24.96% to $54.42 million, indicating traders’ interest in XLM.
