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US-based investment platform Robinhood continues to expand its range of cryptocurrency products.
In a statement made via its official X (formerly Twitter) account, the company announced that ASTER and LDO tokens are now available for trading on the Robinhood Legend platform. This move demonstrates Robinhood’s aim to provide greater diversification for its users, particularly by offering a wider range of assets in the cryptocurrency market.
Robinhood Legend stands out as the company’s advanced trading interface, catering to more active and experienced investors. The addition of ASTER and LDO to this platform means that these assets can now be easily bought and sold by a wider range of investors. For individual investors, particularly those based in the US, such listings are considered significant steps in increasing the visibility of projects.
LDO is known as the governance token of Lido DAO, a decentralized staking protocol based on Ethereum. Lido offers liquid staking solutions on many blockchains, primarily Ethereum, allowing users to earn staking returns without locking their assets.
In this respect, LDO plays an important role in the DeFi ecosystem. ASTER, on the other hand, stands out as a newer project and is defined as a token that aims to offer solutions related to Web3 infrastructure.
According to market experts, Robinhood’s listing of these two assets indicates increased confidence in the projects and growing user demand. At the same time, such listings can increase the trading volume and liquidity of tokens, leading to greater volatility in price movements.
Robinhood has recently focused on strengthening its presence in the cryptocurrency space by listing new tokens and improving its services such as custody, transfer, and staking. The listing of ASTER and LDO on Robinhood Legend is seen as part of the company’s goal to become a more active player in the crypto market.
*This is not investment advice.