Thomas Daniels
For its U.S. users, Bitstamp, one of the oldest cryptocurrency platforms, has legally added the Solana (SOL) and Pepe (PEPE) coins. The move is meant to increase business choices and bring in more users in the area.
Bitstamp USA says that users can now start dealing on spot pairs like SOL/USD, SOL/EUR, PEPE/USD, and PEPE/EUR. The exchange is now a stronger and more legal place to do business, following the rules set by the New York State Department of Financial Services (NYDFS) as a registered virtual currency business and money exchanger.
Solana’s Gains in the Market
The high-performance layer-1 blockchain Solana, which is known for being scalable and having low transaction costs, is continuing to make its mark on the bitcoin market. Blockchain supports a huge environment that includes markets for non-fungible tokens (NFTs), game platforms, joke coins, and decentralized finance (DeFi).
The Solana network’s native coin, SOL, has stayed in the top 10 cryptocurrencies by market value. It recently hit a record-breaking high of over $263, which means that its value has grown by an amazing 305% in the past year.
Momentum for Pepe’s Meme Coin
Pepe, on the other hand, has become a popular joke coin that was built on the Ethereum blockchain. The price of the token has gone through the roof in the past few months, thanks to market gains and smart launches on big platforms like Coinbase and Robinhood.
When the news of Bitstamp’s U.S. launch spread, PEPE’s value went up by 6%, hitting $0.000021, and Solana’s value went up even more as investors regained faith.
Giving U.S. traders more options
The fact that Bitstamp has both SOL and PEPE trade pairs shows that the platform is dedicated to providing a wide range of investment choices. Bitstamp supports a wide range of cryptocurrency users by listing both high-use blockchain coins like SOL and trend-driven assets like PEPE.
This is part of Bitstamp’s plan to stay competitive in the U.S. market, where interest in cryptocurrencies is growing. The exchange is continuing to improve its services to meet this demand.
