- Robinhood listed three main tokens—ASTER, Tether’s Plasma (XPL), and Virtuals—increasing its crypto choices amid weak market sentiment.
- ASTER, backed by CZ and Binance, reached a $3.9B market cap in simply 30 days, whereas Plasma drew $6B TVL by tokenizing US Treasuries.
- Regardless of bullish listings, Robinhood’s inventory fell 12% in 5 days as Bitcoin’s drop under $109K weighed on market confidence.
Robinhood US has added three rising digital property—ASTER, Tether’s Plasma (XPL), and Virtuals Protocol—to its buying and selling lineup as of October 16. The listings arrive throughout a interval of subdued market exercise, with Bitcoin hovering under $109,000 and total buying and selling volumes dropping by 22% week-over-week. Regardless of these headwinds, the platform seems dedicated to broadening consumer entry to promising blockchain ecosystems.
ASTER: The Binance-Backed DeFi Contender
ASTER, a protocol native to BNB Chain, has shortly gained traction since launching in September, reaching a $3.9 billion market cap in underneath a month. Appearing as a liquidity optimization layer connecting BNB Chain and opBNB to exterior DeFi markets, ASTER has drawn consideration for its technical depth and powerful neighborhood backing. Binance co-founder Changpeng “CZ” Zhao has publicly endorsed the mission, highlighting its novel method to decentralized trade mechanics. Robinhood’s itemizing of ASTER follows Coinbase’s latest transfer to incorporate BNB in its roadmap, hinting at rising institutional curiosity in Binance’s ecosystem.
Tether’s Plasma: Tokenizing Actual-World Belongings
Tether’s Plasma (XPL) represents a significant step ahead in Actual-World Asset (RWA) tokenization. Having locked $6 billion in complete worth by early October, Plasma is designed to tokenize US Treasuries and different securities supporting Tether’s $180 billion circulating provide. This innovation permits on-chain settlement and yield distribution for establishments, aligning with the broader shift towards tokenized monetary devices in crypto markets.
Virtuals Protocol and Robinhood’s Market Outlook
Robinhood additionally added Virtuals Protocol (VIRTUALS), an AI-agent infrastructure community that helps autonomous digital brokers able to executing sensible contracts and managing DeFi methods. Nonetheless, regardless of the promising listings, the corporate’s inventory fell almost 2% to $131.5, marking a 12% decline over 5 days. The dip mirrors broader crypto weak point after a file $19 billion liquidation occasion rattled investor confidence.
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