Bitstamp USA, licensed by New York regulators, now offers Solana (SOL) and Pepe (PEPE) to U.S. traders.
Cryptocurrency trading platform With the addition of Pepe and Solana coins, Bitstamp USA has announced that it is now available to traders in the United States. The New York State Department of Financial Services has granted Bitstamp a license to conduct business in virtual currencies and move money.
One of the ten most valuable cryptocurrencies at the moment is Solana, which is a layer-1 blockchain that is well-known for its ability to operate with smart contracts. A wide variety of applications utilize the blockchain network for collaborative purposes.
Decentralized banking, marketplaces for non-fungible tokens, games, and meme coins are some examples of blockchain-based applications. Above $263, the native token SOL reached a new all-time high, setting a new record for its value.
Over the past year, its value has increased 305%. On the other side, Pepe, which is a joke coin based on Ethereum, has seen a significant increase in value over the course of the past few months, in line with the overall market.
Initially, Bitstamp will only allow you to trade pairs against the euro and the US dollar. Users are now able to make use of the spot trading pairings for SOL/USD, SOL/EUR, PEPE/USD, and PEPE/EUR, as stated by the exchange.
As a result of this news, the prices of SOL and PEPE also increased. At the same time as Bitcoin prices returned to their previous high of $98k, PEPE prices reached a new high of $247.
Nevertheless, the value of the humorous coin rose to $0.000021 from its previous value. At the time of writing this article, it had experienced a 6% increase over the previous 24 hours. The inclusion of PEPE on Coinbase and Robinhood, a trading software, resulted in a huge surge in the value of the cryptocurrency.