Robinhood Adds UNI, XLM, And XTZ For NY Users; Is XRP Next?

Rupam Roy
September 24, 2024
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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Breaking: Robinhood Reports 161% Crypto Revenue Growth In Q3

Highlights

  • Robinhood adds Uniswap (UNI), Stellar (XLM), and Tezos (XTZ) for New York users.
  • The latest listing sparks speculation about potential addition of XRP for the US users.
  • Robinhood now supports 14 cryptocurrencies for New York residents.

The leading commission-free stocks and crypto trading platform, Robinhood has revealed the addition of three new crypto for the New York users, fueling market interest. In a recent announcement, the crypto trading platform said that it will be adding Uniswap (UNI), Stellar (XLM), and Tezos (XTZ), reflecting its growing focus on the digital assets space. Besides, it has also sparked speculations about XRP will be next in line to be added for the NY users on the platform.

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Robinhood Adds UNI, XLM, and XTZ For NY Users

According to a recent announcement, Robinhood is adding Uniswap, Stellar, and Tezos for the New York residents. The platform has gained notable traction over the years, especially among the crypto community, for its increasing focus on the sector.

Notably, this announcement has fueled discussions over the potential impact of the platform’s support for the crypto. Usually, the listings or backings for these major platforms or top crypto exchanges tend to bolster the market sentiment, which in turn boosts the assets’ prices.

Meanwhile, having said that many are anticipating the announcement to fuel a rally in the prices of the three crypto. In addition, it has also triggered discussions in the XRP community, about if the platform will be adding XRP as the next asset on its platform.

Notably, the platform now supports 14 crypto for New York residents, which includes Bitcoin, Ethereum, and top meme coins like Dogecoin, Shiba Inu, and others. However, recent developments indicate that the stock and crypto trading platform could add Ripple’s native crypto to its platform in the coming days.

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Is XRP Next In Line For Listing?

The discussions have stemmed from Robinhood adding XRP for the EU users recently. Although there was no official announcement from the platform, its official website showed that it has added XRP for EU users, sparking market optimism earlier this month.

In addition, the conclusion of the Ripple Vs SEC lawsuit has also fueled speculations, given the legal clarity of the crypto in the region. Now, with mounting discussions over a potential US SEC appeal in the XRP case, the investors are eyeing whether the stock and crypto trading platform will add the crypto for the US traders.

Meanwhile, following the listing announcement, UNI price was up 0.73% to $6.84, with its trading volume rising 9% to $114.47 million. On the other hand, XLM price was down 0.6% to $0.095, while the XTZ price traded near the flatline at $0.6974.

Simultaneously, XRP price noted a slight decline of about 0.37% to $0.585, while its one-day trading volume slumped 9% to $923.98 million. Notably, Ripple’s native crypto has touched a high of $0.5908 and a low of $0.5819 in the last 24 hours.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam's expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news. Rupam's career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.