- Bitstamp announced it is officially listing memecoin PEPE and Solana (SOL) in the United States.
- Solana’s listing marks its return to Bitstamp after being suspended in 2023 for being an unregistered security.
- PEPE has emerged as the third-largest memecoin by market cap, surging over 107% in the last 30 days.
Bitstamp, a major cryptocurrency exchange, has announced that it is officially listing both the memecoin PEPE and Solana (SOL) for trading in the United States. This represents a reversal for SOL, which Bitstamp had previously suspended in 2023.
Solana Returns After Previous Suspension
In August 2023, Bitstamp announced it would permanently suspend trading for Solana and six other cryptocurrencies, saying they were unregistered securities according to the SEC.
Now, with the election of a new pro-crypto administration under President Donald Trump, Bitstamp has decided to relist SOL. The move follows a similar decision by Robinhood earlier this month.
PEPE Makes Debut on Bitstamp
In addition to relisting Solana, Bitstamp also announced it is adding support for the memecoin PEPE.
PEPE has surged over 107% in the last 30 days, cementing its position as the 3rd largest memecoin by market capitalization. The cryptocurrency’s addition to Bitstamp marks continued mainstream adoption.
Outlook Appears Brighter for Cryptocurrencies
The listings come during an important year for cryptocurrencies. While two crypto ETFs were approved in the US, a new administration is expected to take a friendlier regulatory stance.
With the resignation of SEC Chair Gary Gensler, the incoming leadership may include more pro-crypto appointments. This has led platforms like Bitstamp to expand their crypto offerings amid the brighter outlook.
