Bitstamp Officially Lists Solana (SOL) And PEPE In The U.S.

Bitstamp, one of the cryptocurrency exchanges, recently listed Solana (SOL) and Pepe Coin (PEPE) in the United States.

It announced trading pairs between SOL/USD, SOL/EUR, PEPE/USD, and PEPE/EUR to show the company’s continued efforts to offer a wide variety of options for the U.S. market.

However, this comes as a relief for Solana. Bitstamp had suspended it in August 2023 as a result of actions taken by the SEC’s classification of certain cryptocurrencies as unregistered securities.

– Advertisement –

The notice was posted on Bitstamp’s official X account and attracted discussions in the crypto community. At the same time, PEPE, the meme coin that has recently stirred a lot of interest, enters the Bitstamp USA exchange. Similar to Coinbase, and Robinhood have added the asset to their list.

Solana’s Comeback After SEC Scrutiny

The reinstatement of Solana trading on Bitstamp reflects the shifting regulatory landscape in the U.S. Earlier this year, Solana and six other cryptocurrencies faced delisting due to SEC allegations of being unregistered securities.

The recent decision by Bitstamp to resume Solana trading marks changes in the regulatory laws in the U.S. Earlier this year, where Solana and six other tokens were set for delisting over what the SEC considered unregistered securities.

– Advertisement –

However, after Trump won the U.S. election a lot of changes have happened in the crypto market. Bulls have taken over the market. Market analysts anticipate that most tokens that were facing lawsuits with the SEC are likely to win the cases.

Following the resignation of SEC chair Gary Gensler market analysts and traders have shown confidence in digital assets again.

This move by Bitstamp could be followed by other exchanges following the same direction in listing SOL. Given that Solana continues to be one of the best blockchain networks, the re-listing is anticipated to generate substantial trading volume.

PEPE Joins the U.S. Market Amid Rising Popularity

Pepe Coin has been on the rise and currently, there is more than $2.5 billion in trading volume daily. Despite being in the market for over a year, U.S.-based exchanges have only recently begun offering PEPE. Followed by Bitstamp, Robinhood and Coinbase.

Bitstamp USA’s inclusion of PEPE reflects its efforts to meet the growing demand for meme coins in the crypto market.PEPE has also established itself in the crypto market after Dogecoin, which has recently attracted the attention of traders.

Its addition to Bitstamp’s U.S. trading pairs broadens accessibility for American investors.

PEPE, which has gained a good number of holders globally clearly proves that meme coins are now part of the mainstream cryptocurrency market.

A Broader Shift in U.S. Crypto Regulation

The timing of the listings on Bitstamp also seems to correlate with a change in U.S. policy that occurred after Trump’s victory and Gensler’s resignation.

Experts tend to believe that the new administration will be more favorable to cryptocurrencies and can help them develop. The green light given to two crypto-based ETFs at the beginning of this year also illustrates the emerging trend of cryptocurrency acceptance in the United States.

Bitstamp’s proactive approach reflects the optimism surrounding the new regulatory outlook. By listing SOL and PEPE, the exchange is positioning itself to capitalize on the expected resurgence of crypto trading activity in the U.S. market.

However, other exchanges may also end up adding other delisted cryptocurrencies to their list. As the U.S. crypto market adapts to the shifting landscape, Bitstamp’s move signals confidence in the growing adoption and resilience of the cryptocurrency ecosystem.

Both Solana and PEPE prices are trading in the green zone. Solana has surged 3%, while PEPE has increased by 7% in the last 24 hours.