- 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 permanently suspended in 2023 due to the SEC classifying it as an unregistered security.
- PEPE has surged over 107% in the last 30 days, cementing its position as the third-largest memecoin by market cap.
Bitstamp, a major cryptocurrency exchange, has announced that it is listing both the memecoin PEPE and Solana (SOL) for trading in the United States. This marks a reversal for SOL, which was previously suspended from trading on Bitstamp.
Solana Returns After ‘Permanent’ Suspension
In August 2023, Bitstamp announced it was permanently suspending trading for Solana and six other cryptocurrencies, following a US Securities and Exchange Commission (SEC) ruling that designated them as unregistered securities.
However, with pro-crypto persons likely taking key regulatory roles under the new Trump administration, Bitstamp has now chosen to relist SOL. The move aligns with other exchanges like Robinhood which also recently relisted Solana.
PEPE Makes Debut On Platform
In addition to Solana, Bitstamp is also listing the memecoin PEPE for the first time. PEPE has seen tremendous growth recently, cementing itself as the 3rd largest memecoin by market cap.
Over the last 30 days, PEPE has surged over 107% in value according to CoinMarketCap. The memecoin’s addition to Bitstamp signals its increasing legitimacy in the crypto sector.
Conclusion
The listings of PEPE and the relisting of Solana on Bitstamp showcase the exchange embracing the expected crypto-friendly outlook of the new US administration. As regulation evolves, more platforms seem poised to expand their crypto offerings. The long-term impacts of these listing decisions remain to be seen.
