On November 29, Bitstamp announced the listing of Solana and PEPE for U.S. customers, including trading pairs SOL/USD, SOL/EUR, PEPE/USD, and PEPE/EUR. This move marks a new phase following the previous suspension of SOL trading on the platform.
Listing of PEPE and Solana
Bitstamp debuts PEPE, the third-largest memecoin by market cap. Following the listing announcement, PEPE's price saw a significant increase. This action follows a prior 'permanent' suspension on SOL trading. Relisting SOL highlights Bitstamp's commitment to offering diverse options for its U.S. customers.
SOL Suspension Reversed
In August 2023, Bitstamp announced the discontinuation of SOL and six other cryptocurrencies after allegations of them being unregistered securities. The market is anticipating regulation easing after the U.S. presidential election, with applications for Solana, XRP, and HBAR ETFs expected.
U.S. Cryptocurrency Regulatory Changes
Prospective changes under Teresa Guillén's guidance incite market shifts. A new SEC chair plans to reevaluate policies, benefitting exchanges. MetaMask has already adapted by enabling crypto purchases via Venmo.
The listing of Solana and PEPE on Bitstamp signifies a move towards more dynamic market conditions. Shifting U.S. crypto regulations create new opportunities for adaptation and growth of promising cryptocurrencies.
