Tuesday, January 14, 2025
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Buying and selling App Robinhood Provides Extra Cryptocurrencies To Its Platform – USD Coin (USDC/USD), Aave (AAVE/USD)

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Tezos XTZ/USD and Aave AAVE/USD tokens have been launched to the buying and selling platform Robinhood Markets Inc. HOOD, enabling customers to buy and commerce the cryptocurrencies.

Robinhood tweeted the announcement on Monday, together with a hyperlink to an internet web page displaying the newly listed cryptos on Robinhood.

Aave is a decentralized lending protocol, whereas Tezos is a proof-of-stake blockchain community.

See Additionally: Jim Cramer Warns Younger Buyers About ‘Joke Crypto’ And The ‘Make investments By Anger’ Technique

Market capitalizations for every of their native tokens exceed $1 billion.

They’re the latest cryptocurrency property to be launched to Robinhood, which claims to have 18.7 million energetic month-to-month customers.

This yr, the corporate added a number of cryptos, together with Polygon, Solana, and Avalanche.

{The marketplace} now affords a complete of 19 crypto property after immediately’s inclusion.

Within the type of USD Coin USDC/USD, Robinhood additionally listed its first stablecoin final month. With a take a look at model made accessible to about 10,000 clients final month, Robinhood is releasing its personal cryptocurrency pockets as a part of one other effort to courtroom the marketplace for crypto merchants.

See Additionally: Why Bitcoin Can Be A Potential Insurance coverage To The Monetary Disaster: Report

The Polygon framework helps IT construct the ultimate framework.

The event comes at a time when Robinhood’s rivals are additionally increasing their footprints within the crypto business.

Final week, European digital financial institution N26 launched its personal cryptocurrency buying and selling service.

Revolut, one other neobank, has obtained regulatory authorization from the U.Ok. to offer cryptocurrency companies there.

See Additionally: Why Bitcoin Can Be A Potential Insurance coverage To The Monetary Disaster: Report





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