Bitstamp, a firm acquired by Robinhood, announced new trading pairs for Bonk (BONK) against USD and EUR. This move makes BONK more accessible through iOS and Android apps.
Bonk is a meme coin that gained popularity in 2023 during a meme coin craze that boosted Solana’s growth. Initially known as a dog-themed meme coin, Bonk has evolved. It now includes DeFi elements and works with cross-messaging services and NFT platforms. This makes it more versatile in various cryptocurrency systems.
However, Bitstamp’s listing of BONK has some limitations. Customers from the US and Singapore cannot trade BONK on Bitstamp. Despite this, BONK is already available on popular exchanges like Binance, Coinbase, and OKX.
Bitstamp is one of the most compliant cryptocurrency exchanges in the European Union. Listing tokens like BONK and potentially WIF is important for its business development. Recognizing and supporting such tokens can help Bitstamp grow.
There are also rumors about Bitstamp considering the addition of Dogwifhat (WIF) to its list of assets. This is due to the recent hype around WIF possibly being added to Coinbase. If Bitstamp lists WIF, it will join major trading platforms like Binance, OKX, Bybit, and Kraken that support the meme coin.
The introduction of new Bonk (BONK) trading pairs against USD and EUR shows the ongoing evolution of meme coins like Bonk. These coins are integrating DeFi features and expanding their utility in cryptocurrency ecosystems. Bitstamp’s move to list BONK reflects its commitment to staying current with market trends and offering diverse options to its users.
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