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Robinhood Introduces Optimism (OP) to Its Platform

Apr 3, 2024

Bitcoin faced a price drop while a substantial amount of coins related to Silk Road transactions changed hands. Meanwhile, Robinhood, known for its commission-free trading, included Optimism (OP) on its platform. The value of OP fluctuated due to market influences and the announcement of its listing.

Robinhood is recognized for its zero commission fees in the cryptocurrency sector. Their stringent listing criteria indicate a selective strategy with new additions.

Robinhood made a significant disclosure recently amid its expansion into Europe and the launch on Android devices. The company announced the initiation of trading for Optimism's (OP) cryptocurrency, impacting OP's price during a market downturn.

Currently, the price of Optimism (OP) stands at $3.2, demonstrating an 8% decrease in the last 24 hours. Despite this decline, there has been a recent rise in the OP price.

During a period of Bitcoin's sharp decline, OP experienced a rapid 3% increase but did not reflect the typical surges linked to listing news due to market conditions.

OP's market capitalization also decreased by 6%, now at $3.2 billion, placing it 40th in the market capitalization ranking. The 24-hour trading volume for OP surged by 37% after the listing news, surpassing $327 million.

Attention remained on Bitcoin's price throughout these developments, temporarily dropping below $65,000 before rebounding to $65,467 at the writing of this article.

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