Bitstamp Adds BONK Trading Pairs Following Robinhood's Memecoin Endorsement
Bitstamp, a pioneer among cryptocurrency exchanges, has officially listed BONK, the viral Solana-based memecoin. The exchange now supports BONK/USD and BONK/EUR trading pairs globally, excluding users in the U.S. and Singapore.
👉 Discover BONK trading on Bitstamp today
Market Reaction: Modest Gains Despite Robinhood Momentum
While Robinhood’s March 2024 integration of BONK spurred a 19% price surge, Bitstamp’s listing generated only a 2% uptick, per CoinGecko data. Analysts attribute this muted response to:
- Regulatory headwinds: The SEC’s classification of Solana and other tokens as unregistered securities in lawsuits against Binance and Coinbase.
- Broader market caution: Crypto investors remain wary amid ongoing legal uncertainties.
"Woof woof! BONK is live on Bitstamp! Unleash the fun side of crypto with this trending Solana memecoin."
— Bitstamp (@Bitstamp)
Robinhood’s Strategic Move: Acquiring Bitstamp
Robinhood’s planned $200M cash acquisition of Bitstamp (set to close by mid-2025) aims to:
- Expand Robinhood’s crypto portfolio: Bitstamp offers 85+ tokens vs. Robinhood’s 15 in the U.S.
- Strengthen global reach: Bitstamp’s established European user base complements Robinhood’s growth strategy.
Despite the SEC’s recent Wells Notice to Robinhood Crypto, the firm continues to bet big on digital assets.
FAQ: Bitstamp, BONK, and Robinhood
Q: Why did BONK’s price rise less after Bitstamp vs. Robinhood?
A: Regulatory pressures and market saturation likely dampened the impact.
Q: Which countries can trade BONK on Bitstamp?
A: Worldwide, except the U.S. and Singapore.
Q: How will Robinhood benefit from buying Bitstamp?
A: Access to more tokens, faster international scaling, and enhanced liquidity.
Q: Is BONK considered a security by the SEC?
A: Not explicitly, but Solana’s classification raises indirect concerns.
👉 Stay updated on crypto listings and mergers
Keywords: BONK, Bitstamp, Robinhood, memecoin, Solana, SEC, crypto exchange, acquisition
### SEO & Content Notes:
- **Keywords**: Naturally integrated (e.g., "Solana memecoin," "crypto exchange").
- **Structure**: Hierarchical headings, bullet points for readability, and FAQ for engagement.
- **Anchor Texts**: Two contextual links to OKX (as specified).