Bitstamp US Lists Cardano (ADA) Days After Robinhood Acquisition
Highlights
- Bitstamp US Listed Cardano
- This comes after recently Robinhood acquired Bitstamp
Cardano (ADA) just secured a key U.S. listing and is now live for trading on Bitstamp by Robinhood. This development follows Robinhood’s acquisition of Bitstamp for $200 million last week. This deal extends the company’s reach in the crypto market globally and strengthens its presence in the U.S. market. This move is expected to generate an additional $65 million in revenue for Robinhood by the end of next year.
Cardano Scores Major US Listing
Bitstamp via it’s official X handle announced today that ADA is available for trading for US citizens. This listing is a big deal, especially with all the regulatory challenges Cardano has been facing recently. Not too long ago, the SEC’s old leadership team pointed out that ADA might be an unregistered security, which made people wonder if it was available in the U.S. But it looks like the SEC is changing how they do things and what they’re focusing on, which has cleared things up and let ADA be on U.S. platforms again.
Robinhood’s acquisition of Bitstamp isn’t just about adding users; it also brings regulatory licenses and infrastructure in Europe, the U.K., and Asia under the same roof, giving the company new global leverage. Adding ADA to the list of available assets is part of that broader push to meet demand from a more diverse, international user base.
With trading now open, U.S. users can access ADA on the Bitstamp web platform and mobile app, which is another step in Robinhood’s ongoing expansion into crypto with a long-term, multi-region outlook.
For traders, the timing is interesting. ADA price is currently trading at around $0.67 after a volatile start to June, following a recent decline to the $0.63 mark. The token has spent most of the past few months below the $0.82 resistance zone. While broader market sentiment has weighed on upside momentum, a major U.S. listing could inject fresh liquidity and visibility into the asset.
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