Bonk, a meme coin that rose to popularity in 2023 in the wake of a meme coin craze that powered Solana's growth, is no longer just a dog-themed memecoin.
Bitstamp, a cryptocurrency exchange that was recently acquired by Robinhood, has announced the addition of new Bonk (BONK) trading pairs against USD and EUR, making the meme coin more accessible to its users.
The integration of Bonk, which is now available for trading on the Bitstamp iOS and Android apps, comes as the meme coin continues to evolve beyond its dog-themed origins.
As part of the broader expansion, Bitstamp customers in the US and Singapore will not be able to trade BONK. However, the coin is already listed on major exchanges such as Binance, Coinbase, and OKX.
Moreover, rumors persist that Bitstamp may add Dogwifhat (WIF) to its trading pairs, following reports of Coinbase considering adding the token. If Bitstamp does add WIF, it will join Binance, OKX, Bybit, and Kraken in offering the meme coin to their users.
As one of the most compliant crypto exchanges operating in the European Union, Bitstamp’s recognition of tokens like BONK and potentially WIF is significant for their business development.
With Robinhood’s acquisition of Bitstamp and the upcoming implementation of MiCA rules in 2024, Bitstamp is poised to expand its services to a wider market.
The introduction of new Bonk trading pairs by Bitstamp highlights the integration of DeFi elements and the expanding utility of meme coins like Bonk within crypto ecosystems.
News source:https://www.kdj.com/cryptocurrencies-news/articles/bitstamp-introduces-bonk-bonk-trading-pairs-usd-eur-enhancing-accessibility-ios-android-apps.html
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