tl;dr
Robinhood Crypto has announced the facilitation of Wormhole (W) and Jupiter (JUP) trading for European customers, offering rewards for trading these tokens. However, both JUP and W prices have traded in the red, coinciding with a sluggish performance in the broader crypto market on May 30. The annou...
Robinhood Crypto has announced the support for Wormhole (W) and Jupiter (JUP) trading for European customers, with rewards and bonuses. W is the governance token of the cross-chain blockchain protocol Wormhole, while JUP is the native token of Jupiter, a Solana-based decentralized exchange (DEX) aggregator.
Despite the listing, JUP's price fell by 7.11% to $1.10, and W's price fell by 6.76% to $0.5751, following the broader market's movement. This could present an opportunity for these tokens as the market recovers, with JUP's RSI around 46 and W’s RSI around 45.
Robinhood had previously launched Solana (SOL) staking services in Europe, expanding its footprint across the European crypto landscape.
According to the crypto exchange’s official post on May 29, Wormhole (W) and Jupiter (JUP) are now available to trade for European customers, along with a €500 reward with up to 10% bonus on net purchases during the first 30 days of user sign-up.
Despite the support offered, JUP and W prices have traded in the red, influenced by the broader market's performance on May 30.
JUP’s price has shown a 7.11% dip in the past 24 hours to $1.10, while W’s price has fallen by 6.76% over the past day to $0.5751. Robinhood's listings or any listings on exchanges usually bring an optimistic wave to cryptos as the market recovers.
It’s also worth noting that JUP’s RSI rested around 46, hinting at overall market neutrality with slight downside pressure. Similarly, W’s RSI stood at around 45.
Robinhood previously announced that it launched Solana (SOL) staking services in Europe, further expanding its footprint across the European crypto landscape.
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Sector: TRADE & SERVICES
Industry: RETAIL-CATALOG & MAIL-ORDER HOUSES
Revenue: 7,264,590,000
Net Income: -5.17
EPS: 102.64
P/E Ratio: -0.0528
Market Cap: 11,958,000,000
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Dividend Yield: -0.551
Beta: -0.016
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Dividend Yield: None
P/E Ratio: None
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