Top cryptocurrency exchange Robinhood has officially added Hedera to its offerings for U.S. customers, following its earlier listing for E.U. users. The inclusion of Hedera (HBAR) on the platform has already resulted in a 2% increase in its price, continuing a month filled with significant upward momentum for the asset.
The newly available trading option marks Hedera as the 29th cryptocurrency listed on Robinhood, joining other prominent coins such as Bitcoin, Ethereum, XRP, and Solana, as well as popular meme coins like Dogecoin and Shiba Inu. Robinhood confirmed the update through a post on social media and has indicated that it received integration fees related to the support of Hedera.
Before the U.S. rollout, Hedera was made available to E.U. customers back in January, alongside another asset, LDO. Currently, although HBAR saw a slight decline of over 9% in the last week, it has experienced a remarkable price increase of 63% over the past month. Analysts have pointed to the asset’s strong performance and suggest that it is on track to potentially reach a target price of around $0.504, implying the possibility of an additional 80% upside.
In addition to Robinhood’s listing, the likelihood of Hedera ETFs receiving approval has contributed to optimism surrounding HBAR. Bloomberg analysts have predicted a 90% chance of approval for an Hedera ETF, which could strengthen the token’s position in the market even further.
This development highlights significant growth potential for HBAR, especially as it gains traction among U.S. investors. With continued support from major exchanges like Robinhood and positive predictions regarding ETF approvals, the future looks promising for Hedera enthusiasts and investors alike.