CryptoRobinhood expands crypto offerings with Pyth Network token PYTH

Robinhood expands crypto offerings with Pyth Network token PYTH

-


Key Takeaways

  • Robinhood has added the Pyth Network (PYTH) and Raydium (RAY) tokens to its platform, expanding its offering within the Solana ecosystem.
  • The inclusion of these tokens provides retail investors access to Solana-based infrastructure projects.

Share this article

Robinhood added Solana-based token Pyth Network (PYTH) to its crypto trading platform as part of its digital asset expansion efforts.

The addition of the PYTH token gives retail investors a new access point to an infrastructure project within the Solana ecosystem, which has gained traction in DeFi and blockchain applications.

Pyth Network’s PYTH token represents a cross-chain oracle platform that delivers real-time price data across various asset classes, including equities, crypto assets, and commodities.

The network sources data from institutional participants like exchanges and trading firms, making it accessible on-chain for decentralized finance applications.

The listing comes amid recent regulatory shifts in the US following Donald Trump’s reelection, which coincides with more favorable crypto oversight.

Trading volumes and plans for future token listings were not disclosed.

In May 2024, Robinhood introduced Solana staking in Europe, offering a 5% APY to meet the demand for passive income opportunities among its users.

Last November, the trading platform relisted SOL, ADA, and XRP and added PEPE to its platform to diversify its crypto offerings and enhance accessibility.

Share this article





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

The Ugly Stepsister trailer has big The Substance vibes

"What if Wicked and The Substance had a grubby baby?" This was the headline for my review of...

Taking A Look At 2 Underdog Cryptos: When Will Crypto Go Back Up?

When will crypto go back up? Bitcoin, Ethereum, and Cardano consistently rank as the top cryptocurrencies by market...

Donald Trump Held Another Million-Dollar ‘Candlelight’ Dinner—With Elon Musk in Tow

An invitation to a “candlelight” dinner held this past Saturday at President Donald Trump’s Mar-a-Lago club asked prospective...

Poll: Low Support for Federal Crypto Spending; White House Fact Sheet Contradicts Survey

A recent survey by Data for Progress found that only about 10% of US voters want the Trump...

Advertisement

No Strategic Bitcoin Reserve in South Korea: Report

The United States government may be keen on owning and maintaining a digital asset stockpile, but not all...

Google revives talks to acquire Wiz at higher valuation

Google’s parent company Alphabet is again in advanced talks to acquire cloud cybersecurity startup Wiz, a person familiar...

Must read

The Ugly Stepsister trailer has big The Substance vibes

"What if Wicked and The Substance had a...

Taking A Look At 2 Underdog Cryptos: When Will Crypto Go Back Up?

When will crypto go back up? Bitcoin, Ethereum,...

You might also likeRELATED
Recommended to you