Bitstamp lists PEPE and resumes Solana trading in the US

Bitstamp Reintroduces Solana (SOL) and Lists PEPE in the U.S.

On November 29, cryptocurrency exchange Bitstamp announced the listing of Solana (SOL) and PEPE in the U.S. market. The trading pairs for both assets include the U.S. dollar (USD) and Euro (EUR).

PEPE's Debut on Bitstamp

PEPE, the third largest memecoin by market capitalization, made its debut on Bitstamp following a surge in price after the listing announcement. Previously suspended by Bitstamp, the relisting of SOL underscores the exchange's commitment to providing diverse offerings to U.S. customers.

Bitstamp's Diverse Cryptocurrency Support

Bitstamp supports various projects in decentralized finance, non-fungible token marketplaces, and memecoins. The listing of PEPE marks the addition of the third-largest memecoin by market cap to its platform, which has seen a price increase in recent months.

Regulatory Changes Anticipated in the U.S.

The listing announcement coincides with expectations of significant regulatory changes in the U.S. cryptocurrency industry following the election of Donald Trump. The market anticipates a shift towards a more favorable regulatory landscape for cryptocurrencies.

Price Response to the Listings

The price of PEPE experienced a notable increase to $0.000021 following the news, with a 6% increase in the last 24 hours. SOL also saw a significant price surge, reaching highs of $247.

Bitstamp Reverses Previous SOL Suspension

In August 2023, Bitstamp suspended trading of SOL and six other cryptocurrencies following allegations by the U.S. Securities and Exchange Commission (SEC) that these assets were unregistered securities. However, the recent relisting demonstrates Bitstamp's confidence in SOL.

Crypto Market's Response to Regulatory Prospects

Multiple crypto platforms are adapting to the anticipated regulatory improvements. MetaMask, for instance, has enabled U.S. users to purchase crypto directly using Venmo.

Bitstamp's CEO Confident in Stablecoin Market

Bitstamp's CEO, Bobby Zagotta, has expressed renewed optimism in the stablecoin market. He believes the market has the potential to grow significantly, driven by the critical role it plays in reducing frictions within the crypto ecosystem.