Robinhood Lists ASTER and Tether’s Plasma (XPL) Amid Market Volatility
Robinhood US has listed new cryptocurrencies on October 16: Binance's ASTER, Tether's Plasma (XPL), and Virtuals Protocol. This move aims to expand its trading options amid market volatility.
Key Highlights
- ASTER, a BNB Chain-native protocol, saw rapid growth with a market cap of $3.9 billion in September.
- ASTER functions as a liquidity optimization layer, connecting BNB Chain with other cross-chain DeFi markets.
- Binance co-founder Changpeng Zhao endorses ASTER for its unique design compared to existing decentralized exchanges.
- Coinbase also recently added BNB to its roadmap.
Tether's Plasma (XPL)
- Plasma has become a leader in the Real-World Asset (RWA) sector, locking $6 billion by October 9.
- It tokenizes US Treasuries and securities backing Tether's $180 billion supply, facilitating on-chain settlement and yield distribution.
Additional Information
- Virtuals Protocol allows for deploying autonomous digital agents for smart contract execution and DeFi portfolio management.
- Despite these listings, crypto market volumes dropped 22% week-on-week, affecting altcoin momentum.
- Robinhood stock decreased by 1.9% to $131.5 per share, following a significant crypto market liquidation event.
