Thomas Daniels
Bitstamp, a prominent European cryptocurrency exchange now under the purview of U.S.-based trading firm Robinhood, has announced the listing of Bonk (BONK), a notable meme coin.
Bitstamp users can trade BONK on the platform, including through iOS and Android mobile apps available on the App Store and Google Play. The exchange supports two trading pairs for BONK: BONK/USD and BONK/EUR, which are accessible to customers globally, excluding the U.S. and Singapore.
Bonk’s Listing and Trading Features
According to Bitstamp’s announcement, both BONK/USD and BONK/EUR trading pairs have been made available on the centralized exchange. This listing expands Bonk’s trading horizons, adding to its presence on major exchanges like Binance, Coinbase, and OKX.
Bonk, initially recognized as a dog-themed meme coin, gained significant attention in 2023. Its surge in popularity was tied to a broader interest in meme coins, contributing to an increase in Solana’s market performance. Beyond its meme coin origins, Bonk has developed various utilities, including decentralized finance (DeFi) integration, cross-chain messaging protocols, and NFT marketplace connections.
Potential Listings and Market Movements
The listing of BONK on Bitstamp comes shortly after the exchange hinted at a potential listing of another Solana-based meme coin, Dogwifhat (WIF). If listed, WIF would join platforms like Binance, OKX, Bybit, and Kraken, with speculation around a future Coinbase listing still unconfirmed. Currently, WIF is trading at $2.01, while BONK is valued at $0.00002131.
Strategic Moves and Regulatory Context
Bitstamp’s position as a rigorously regulated crypto platform within the European Union enhances the credibility of the tokens it lists. The acquisition by Robinhood is expected to further boost Bitstamp’s market standing, aligning with the upcoming implementation of the EU’s Markets in Crypto-Assets (MiCA) regulations in 2024.
