Robinhood Listing HBAR Fuels 7% Surge for Hedera Price

The surge comes amid expectations that HBAR will be available to Robinhood users in the US. The trading app has over 20 million monthly active users, many of whom are active retail traders.

Therefore, the Robinhood listing puts the token in front of a large, mobile-first, often younger investor base, many of whom do not use traditional crypto exchanges like Binance or Coinbase.

This means listing HBAR on Robinhood opens the door to new demand, hence the market reaction.

It aligns with recent altcoin price impacts following similar announcements. Recently, Bithumb exchanges announcement to list Lista DAO (LISTA) and Merlin Chain (MERL) fueled double-digit gains for the tokens.

In the same way, Coinbase exchanges recent hints at listing BNKR, JITOSOL, and MPLX saw the three new altcoins soar.

Meanwhile, Robinhoods listing of HBAR is part of a broader expansion into cryptocurrency trading as it competes with exchanges like Coinbase and Binance.US in the American market.

Following President Donald Trumps election victory in November, crypto exchanges operating in the US have experienced a smoother runway, inspiring bold listing actions, including adding meme coins to their product suite.

With Trump positioning himself as pro-crypto, the US SEC dropped an enforcement action against Robinhood related to crypto trading violations.

Beyond this listing, Hedera price also draws tailwinds from a prospective HBAR ETF (exchange-traded fund), with filings from Grayscale and Canary Capital. Canary Capital pioneered the HBAR ETF race, submitting its filing with the US SEC (Securities and Exchange Commission) in November.