Bitstamp, one of the oldest cryptocurrency platforms, has said that users in the United States will be able to use Solana and Pepe
Crypto exchange Bitstamp USA says it has now added Pepe and Solana coins for traders in the United States. The New York State Department of Financial Services has licensed Bitstamp to deal in virtual currencies and send money.
Solana is a well-known layer-1 blockchain that works with smart contracts and is one of the ten largest coins right now.
Many diverse projects utilize the blockchain network to collaborate. These include decentralized banking, marketplaces for non-fungible tokens, games, and meme coins. There was a new all-time high for the native token SOL, above $263. Its value has gone up more than 305% in the last year.
On the other hand, Pepe, an Ethereum joke coin, has experienced significant growth in value over the past few months, in tandem with the overall market.
At first, Bitstamp will only let you trade pairs against the euro and the U.S. dollar. As per the exchange, users can now use the spot trading pairs for SOL/USD, SOL/EUR, PEPE/USD, and PEPE/EUR.
Both SOL and PEPE prices went up after this news. PEPE prices hit a high of $247 at the same time that BTC prices went back up to $98k. However, the value of the joke coin increased to $0.000021. As of this writing, it was up 6% in the last 24 hours.
PEPE experienced a significant increase in value following its listing on Coinbase and Robinhood, a trading app.
