Robinhood Wallet Now Supports Solana, How Will the Market Respond?

Bittime - Robinhood Wallet now supports Solana, allowing users to store SOL tokens more securely and flexibly. 

This announcement, confirmed by Johannes Kerbrat, is expected to increase transaction volume and strengthen Robinhood's position in the crypto market. SOL price has been increasing, indicating a potential continued bullish trend.

Robinhood Wallet Kini Support Solana

Following its acquisition and license expansion earlier this year, Robinhood expanded its support for Solana, increasing its crypto offerings. 

Users now have the ability to store SOL tokens independently, increasing the security and flexibility of their crypto holdings.

Johannes Kerbrat Confirms Solana Added to Platform

Robinhood General Manager of crypto Johannes Kerbrat confirmed that Solana has been added to the platform. 

These additions, along with the addition of more blockchains and digital assets, will make the crypto wallet even better.

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Solana Transaction Volume Increases 

Market sentiment towards the development was positive, and SOL prices rose slightly following the announcement. 

With Robinhood's broad user base and Solana's blockchain capabilities, transaction volumes can increase. 

As a result, the price of SOL has shown resilience and may continue to rise as more users use Robinhood Wallet for transactions.

Solana Price Increases

Boosted by the accumulation of whales and a 42% increase in Total Value Locked (TVL) in August, the crypto asset shows potential for a continuation of the bullish trend after dropping slightly to $153. SOL price has increased 7.53% in the last seven days and is trading currently at $153.90.

Conclusion

With the addition of support for Solana in Robinhood Wallet, which Johannes Kerbrat confirmed shows Robinhood's commitment to expanding its blockchain and digital asset services, the platform strengthens its position in the crypto market. 

With increasing transaction volume on Robinhood, SOL is showing resilience and will likely continue to experience price increases, and positive market sentiment towards this development indicates the potential for a continued bullish trend for Solana.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.