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Robinhood Adds UNI, XLM, and XTZ for New York Users, Sparking XRP Speculation  

Robinhood exchange CFN
  • Robinhood adds Uniswap (UNI), Stellar (XLM), and Tezos (XTZ) for New York users.
  • The latest listings spark speculation of XRP being the next addition on the platform.
  • Robinhood now supports 14 cryptocurrencies for New York residents, boosting its crypto lineup.

Robinhood, a leading commission-free trading platform, has expanded its cryptocurrency offering for New York residents by adding Uniswap (UNI), Stellar (XLM), and Tezos (XTZ).

The move increases the number of supported cryptocurrencies on the platform to 14 for New York users, showcasing Robinhood’s continuous commitment to growing its digital asset lineup. 

This development reflects Robinhood’s increasing focus on providing broader access to cryptocurrencies for its users in a region known for its strict regulatory landscape.

The announcement has triggered market interest, with some investors speculating that Ripple’s XRP could be the next asset added for U.S. users.

This speculation is fueled by the platform’s recent listing of XRP for EU users, along with the favorable outcome of Ripple’s legal battle against the U.S. Securities and Exchange Commission (SEC).

The legal clarity surrounding XRP has led to rising anticipation that it may soon become available to Robinhood’s broader U.S. audience.

Currently, the platform offers a variety of popular cryptocurrencies in New York, including Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and Shiba Inu (SHIB). Adding UNI, XLM, and XTZ expands the platform’s appeal to crypto enthusiasts who prefer trading a diversified portfolio of digital assets.

This broader selection allows users in the region to take advantage of price movements in top-tier cryptocurrencies.

The recent addition of UNI, XLM, and XTZ comes as Robinhood sees growing demand for its crypto services, making the platform a popular choice for users interested in both stock and crypto trading

With the legal clarity surrounding XRP’s status in the U.S. post-lawsuit, traders are closely watching for potential updates on the token’s availability. Meanwhile, the latest listing news has positively impacted the prices of these cryptocurrencies.

Following the announcement, UNI’s price increased slightly by 0.73%, while Stellar and Tezos saw minimal movement.

The broader market reaction remains cautious, yet optimistic, as crypto enthusiasts await further developments regarding XRP’s potential listing for U.S. users on the Robinhood platform.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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