Robinhood Welcomes Wormhole (W) & Jupiter (JUP) Trading In Europe, Prices To Rally?

In an optimistic bid, Robinhood Crypto, a renowned cryptocurrency trading platform, has recently announced that it is facilitating Wormhole (W) and Jupiter (JUP) trading for European customers. This announcement has gained significant traction across the global crypto community as the firm further extended rewards for trading the abovementioned tokens.

However, despite the support offered by one of the most renowned exchanges, JUP and W prices have traded in the red. These waning price movements coincide with the broader crypto market’s sluggish performance today, May 30.

Robinhood Extends Support To JUP & W

According to the crypto exchange’s official post on X dated May 29, ” Wormhole ( W) and Jupiter ( JUP) are now available to trade for European customers!”

Moreover, the post shed light on a €500 reward with up to 10% bonus on net purchases during the first 30 days of user sign-up. Meanwhile, for further details, one must check the full terms and conditions for trading “in-app.”

Simultaneously, upon looking at Robinhood’s EU support site, it can be seen that the platform supports Wormhole (W) and Jupiter (JUP) trading.

W is the governance token of the cross-chain blockchain protocol Wormhole. JUP is the native token of Jupiter, a Solana-based decentralized exchange (DEX) aggregator.

Also Read: This Cohort Accumulated 154,560 Bitcoins In Five Months, BTC Price Surge Ahead?

JUP & W Prices Fall, What’s Next?

Meanwhile, despite the optimistic listing chronicle, JUP’s price showed signs of a pullback, dipping 7.11% in the past 24 hours to $1.10. Similarly, while writing, W’s price chart showed a fall of 6.76% over the past day to $0.5751. As mentioned above, today’s slump in prices primarily follows the broader market’s movement.

Concerning this, as the market recovers in the future, these tokens could be presented with an opportunity, as Robinhood’s listings or any listings on exchanges usually bring an optimistic wave to cryptos with them.

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 earlier announced that it launched Solana (SOL) staking services in Europe, further expanding footprint across the European crypto landscape.

Also Read: Ripple Vs SEC: Lawyer Debunks XRP ODL Sales FUD Amid Ripple’s SEC Reply Filing

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