Robinhood Adds Support For AVAX and XLM

On Monday, Robinhood, a cryptocurrency exchange, announced the listing of Avalanche (AVAX) and Stellar (XLM). The exchange recently added popular cryptocurrencies such as Shiba Inu (SHIB) and Chainlink (LINK) (LINK).

Since the announcement, the price of Avalanche has increased by around 12 percent. At press time, AVAX is selling at an average price of $30.0. Its 24-hour trading volume has increased by more than 35 percent to $1.007 billion. It has a market capitalization of nearly $8.6 billion.

AVAX has emerged as one of the most inflated tokens within the last week. Its price has increased by almost 30 percent.

Stellar’s price has increased by more than 7 percent since the announcement. Nevertheless, XLM’s 24-hour trading volume has increased by more than 40 percent to $199.6 million. Stellar is now selling at an average price of $0.132. XLM has a market capitalization of almost $3.34 billion.

However, this news has allowed the XLM coin to become one of the tokens with the greatest 24-hour increase. Moreover, its price has increased by around 15% during the last week.

The cryptocurrency exchange is renowned for its conventional listing approach. Back in July, Robinhood implemented LINK support. Prior to that, popular meme tokens Shiba Inu, Solana, and Polygon were mentioned. Currently, Robinhood allows exchange for 15 crypto coins.

Previously, Robinhood enabled customers to trade options in cash accounts. However, it was specified that only certain consumers are qualified. It was recognized as one of the most desired features on the blog. This will enhance the trading experience for users.

It was introduced that customers may trade with these accounts using deposited cash or settled monies. Meanwhile, it offered options trading in cash accounts as a regular industry service.

In the last six months, Robinhood has also implemented Brokerage Cash Sweep, Stock lending, and several more products.

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