Robinhood has added BONK to its trading options, leading to a surge in its price. The official listing of BONK on Robinhood Crypto in certain European Union areas has sparked enthusiasm among the community and traders in the region.
Announced through the official Robinhood Crypto EU X account, this update marks a significant achievement for BONK, placing it among the esteemed cryptocurrencies offered for trading on the platform.
BONK Price Surges 19% Following Robinhood Listing
After the announcement of BONK’s listing on Robinhood, the market price of the meme coin experienced a notable 19% increase, reflecting investors’ keen interest in the asset. This surge in price is consistent with BONK’s recent performance, during which it surpassed PEPE in market capitalization.
Despite PEPE’s impressive 184.9% increase over the past week, with a market cap of $1.34 billion, it fell short of BONK’s $1.4 billion, marking a remarkable 90.5% surge for BONK during the same period.
Steady Bullish Trend for BONK: According to data from CoinMarketCap, BONK has been on a steady bullish run, mirroring its recent performance. Last month, the meme coin witnessed a remarkable 10% increase in value within a 24-hour window, a surge closely linked to Solana’s (SOL) rebound from its recent market challenges.
Robinhood Reports $30 Million Profit and Rapid Growth
In January, Robinhood, the online trading platform, achieved a significant milestone by recording a profit of $30 million, equivalent to three cents per share. This marked its most rapid growth month since early 2021, with approximately $4 billion in crypto deposits in January alone. The platform has been actively gaining ground in seizing market share from conventional brokerage giants.
BONK Listing on Robinhood Crypto: With the recent listing of BONK, a meme coin operating on the Solana blockchain, traders can now buy, sell, and trade BONK 24/7, offering greater flexibility and accessibility in managing their crypto portfolios. Robinhood Crypto has also listed over 30 other crypto assets on its platform, placing BONK among the elite cryptocurrencies available, including popular assets like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and many others.
Expansion Plans for Robinhood Crypto: Looking ahead, Robinhood Crypto has expressed its intention to add more cryptocurrencies to its platform, further expanding the options available to traders and investors.
Important:Ā Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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