Robinhood Lists Avalanche (AVAX) And Stellar (XLM)

Robinhood, a cryptocurrency exchange on Monday announced that it has listed Avalanche (AVAX) and Stellar (XLM). The platform recently listed famous cryptocurrencies like Shiba Inu (SHIB) and Chainlink (LINK).

Robinhood listing leaves AVAX up by 12%

Since the announcement, Avalanche prices have jumped by around 12%. AVAX is trading at an average price of $30.0 at the press time. Its 24 trading volume is up by more than 35% to stand at $1.007 billion. It is holding a market cap of over $8.6 billion.

AVAX emerged as one of the most surged tokens over the past 7 days. Its price has jumped by more than 30%.

While Stellar price went up by over 7% since the announcement. However, XLM’s 24 hour trading volume has surged by more than 40% to stand at $199.6 million. Stellar is trading at an average price of $0.132, at the price time. XLM holds a market cap of more than $3.34 billion.

However, this announcement has helped the XLM token to land among the most surged token over the past 24 hours. Meanwhile, its price has jumped by around 15% in the last 7 days.

Crypto exchange opens doors for new features

The crypto exchange is famous for its orthodox style of listing. Back in July, Robinhood added support to the LINK. Before that, it listed popular meme tokens Shiba Inu, Solana and Polygon. As of now, Robinhood offers a trade for just 15 crypto tokens.

Earlier, Robinhood launched options trading in cash accounts for users. However, it mentioned that it is only for eligible customers. The blog mentioned that it was one of the most requested features. This will build and improve users’ trading experience.

It added that users can use deposited cash or settled funds to make trades with these accounts. Meanwhile, it added options trading in cash accounts as an industry standard offering.

Meanwhile, Robinhood also added Brokerage Cash Sweep, Stock lending and many other features over the past 6 months.

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]

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