Robinhood US Lists CZ-backed ASTER and Tether’s Plasma (XPL) for Trading
Robinhood expands its crypto offerings with three major tokens despite market headwinds, as Bitcoin struggles below $109K and trading volumes drop 22% week-over-week.
CZ-backed dex ASTER reached $3.9B market cap within 30 days, gaining Robinhood listing alongside Coinbase's BNB roadmap addition.
Tether's Plasma attracts $6B in TVL by tokenizing US Treasuries backing the stablecoin giant's $180B supply for institutional settlement.
Robinhood stock falls 12% over five days, mirroring crypto market weakness following last week's record $19B liquidation event.
Leading digital assets trading platform, Robinhood US, has officially listed Binance’s ASTER, Tether’s Plasma (XPL), and Virtuals Protocol (Virtuals) for trading on October 16. The move expands Robinhood’s trading offerings to newly emerged crypto communities.
ASTER, a newly launched BNB Chain-native protocol, has gained rapid traction rallying triple digits to hit peak market capitalization of $3.9 billion in September, less than 30 days post-launch.
Backed by the third largest DeFi ecosystem globally, ASTER serves as a liquidity optimization layer connecting BNB Chain, opBNB, to other cross-chain DeFi markets.
Aster is not a BNB Chain exclusive perp dex. It supports multiple chains natively.
It also support hidden orders. Different from other perp dex designs.
Binance co-founder Changpeng “CZ” Zhao has publicly endorsed ASTER, emphasizing its unique design relative to existing decentralized exchanges.
Robinhood’s listing of the Binance-linked token amplifies strategic alignment among key industry stakeholders. The news comes after Coinbase added BNB to its roadmap on Wednesday, in line with its newly updated “Blue Carpet” merit-based listing documentation.
We just rolled out the Blue Carpet for asset issuers.
The same free, merit-based process, now with more access and collaboration. https://t.co/upaNDg6KiV
Built to tokenize the US Treasuries and other securities backing Tether’s $180 billion supply in circulation, Plasma enables on-chain settlement and yield distribution for institutional investors.
Robinhood also listed Virtuals Protocol (VIRTUALS), an AI-agent infrastructure network that allows developers and businesses to deploy autonomous digital agents capable of executing smart contracts and managing DeFi portfolios.
Robinhood stock slipped 1.9% to $131.5 per share, extending its five-day loss to 12% in correlation with the crypto market, which has remained fragile following a record-setting $19 billion liquidation event last Friday.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
I’m a research analyst with experience supporting Web3 startups and financial organizations through data-driven insights and strategic analysis. My goal is to help organizations make smarter decisions by bridging the gap between traditional finance and blockchain innovation.
With a background in Economics, I bring a solid understanding of market dynamics, financial systems, and the broader economic forces shaping the crypto industry. I’m currently pursuing a Master’s degree in Blockchain and Distributed Ledger Technologies at the University of Malta, where I’m expanding my expertise in decentralized systems, smart contracts, and real-world blockchain applications.
I’m especially interested in project evaluation, tokenomics, and ecosystem growth strategies, as these are areas where innovation can drive lasting impact. By combining my academic foundation with hands-on experience, I aim to provide meaningful insights that add value to both the financial and blockchain sectors.
