- Robinhood crypto exchange recently announced that Wormhole (W) and Jupiter (JUP) trading is now available for European users.
- The crypto exchange extends support, offering rewards for trading.
- Conversely, JUP and W prices slumped today.
Robinhood expands its crypto offerings to European users, but will it trigger a price rally for Wormhole (W) and Jupiter (JUP)?
Robinhood Extends Support To JUP & W
According to the crypto exchange’s official post on X dated May 29, “Wormhole (W) and Jupiter (JUP) are now available to trade for European customers!”
Moreover, the post shed light on a €500 reward with up to 10% bonus on net purchases during the first 30 days of user sign-up. Meanwhile, for further details, one must check the full terms and conditions for trading “in-app.”
Simultaneously, upon looking at Robinhood’s EU support site, it can be seen that the platform supports Wormhole (W) and Jupiter (JUP) trading.
JUP & W Prices Fall, What’s Next?
Meanwhile, despite the optimistic listing chronicle, JUP’s price showed signs of a pullback, dipping 7.11% in the past 24 hours to $1.10. Similarly, while writing, W’s price chart showed a fall of 6.76% over the past day to $0.5751. As mentioned above, today’s slump in prices primarily follows the broader market’s movement.
Concerning this, as the market recovers in the future, these tokens could be presented with an opportunity, as Robinhood’s listings or any listings on exchanges usually bring an optimistic wave to cryptos with them.
Conclusion
In summary, Robinhood’s introduction of Wormhole (W) and Jupiter (JUP) trading for European users is a significant development. However, the immediate price slump of these tokens suggests that broader market conditions are currently overshadowing the positive news. Investors should watch for market recovery signals, which could potentially trigger a price rally for these newly listed tokens.
