By George Ward
Despite the fluctuations and unstable crypto market, the crypto trading platform, Robinhood, announced Aave (AAVE) and Tezos (XTZ) as its newest additions to the tradable crypto assets on its platform.
Robinhood now records a total listing of 19 tradable crypto tokens, including Bitcoin, Ethereum, Cardano, Chainlink, and Solana. In addition, XTZ and AAVE are native tokens of the Tezos proof-of-stake blockchain network and Aave decentralized lending protocol, respectively.
However, AAVE is down 1.29%, while XTZ is up 3.42% in the last 24 hours. Each token has a market capitalization of over $1 billion. Nevertheless, AAVE is still up 18% in October.
The token is still around 75% lower over the past year. Meanwhile, XTZ is a little down in October. Notably, it also lost about 75% of its value over the past year.
Last month Robinhood wallet marked a significant step forward in launching its crypto wallet, with a beta version launched to around 10,000 people. The product is developed in partnership with the Polygon framework.
Robinhood Makes Crypto More Accessible
Last month, Robinhood also listed Circle-issued USDC as its first stablecoin. The platform, known for allowing zero trading fee charges, is increasing the number of cryptocurrencies it lists daily.
Furthermore, the Robinhood crypto trading platform has been expanding rapidly, and this announcement is proof. As a result, the company has become one of the most popular brokerage firms with unique features.
In addition, the company has established action steps for crypto trades and transactions to be stress-free on its platform. Interestingly, this listing is great news for both crypto assets as Robinhood is famous for its zero fees.
Thus, the platform attracts more traders and has a user-friendly interface. Notably, the crypto trading platform promptly moved to list both tokens following an announcement made two days before the listing.
The platform protects users’ digital assets with the most advanced security measures. Such security measures include cold storage for cryptocurrency under its custody and crime insurance.