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Sunday, February 25, 2024
More
    bitcoin
    Bitcoin (BTC) $ 51,628.83
    ethereum
    Ethereum (ETH) $ 3,024.16
    tether
    Tether (USDT) $ 1.00
    bnb
    BNB (BNB) $ 378.93
    usd-coin
    USDC (USDC) $ 0.999961
    xrp
    XRP (XRP) $ 0.546027
    binance-usd
    BUSD (BUSD) $ 1.00
    dogecoin
    Dogecoin (DOGE) $ 0.085957
    cardano
    Cardano (ADA) $ 0.593569
    solana
    Solana (SOL) $ 103.04
    matic-network
    Polygon (MATIC) $ 0.97753
    polkadot
    Polkadot (DOT) $ 7.73
    tron
    TRON (TRX) $ 0.13769

    Robinhood plans to record Bitcoin ETF quickly as this new hybrid alternate joins the race

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    • Robinhood to record SEC-approved Bitcoin ETFs, aligning with the convergence of crypto and finance.
    • Pullix, powered by PLX token, introduces a hybrid crypto alternate.
    • The PLX token pioneers “Commerce-to-Earn” within the DeFi house.

    In a serious growth for the crypto house, buying and selling app Robinhood is gearing as much as record spot Bitcoin exchange-traded funds (ETFs) after the current approval by the SEC. This transfer comes as a response to the SEC’s historic resolution to green-light 11 spot Bitcoin ETFs, marking a pivotal second on this planet of cryptocurrency buying and selling.

    Meantime, as Robinhood units its eyes on the Bitcoin ETF market, a brand new hybrid cryptocurrency alternate platform known as Pullix scheduled for launch this January is making waves within the crypto house.

    Robinhood’s foray into Bitcoin ETFs

    Robinhood CEO Vlad Tenev took to social media to share the platform’s eagerness to record the 11 newly authorised spot Bitcoin ETFs. Emphasizing Robinhood’s pioneering function in providing spot crypto buying and selling, Tenev expressed the corporate’s thrill in regards to the SEC’s resolution and outlined plans to make these ETFs out there on the Robinhood platform.

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    This strategic transfer aligns with Robinhood’s ethos of offering early entry to cryptocurrencies and seamlessly integrating digital property with conventional finance. Tenev believes that this milestone not solely brings transparency to the crypto market but additionally creates alternatives for superior threat administration instruments, benefitting customers managing their digital asset investments.

    See also  BUIDL for Web3 Summit 2023 set to raise India’s blockchain panorama

    Robinhood, recognized for democratizing entry to monetary markets, goals to bridge the hole between conventional finance and the rising crypto panorama. With instructional supplies on Bitcoin, ETFs, and threat administration methods, the platform positions itself as a facilitator for mainstream engagement with digital property, anticipating this development to proceed with SEC-approved Bitcoin ETFs.

    Pullix: the brand new hybrid crypto alternate

    In parallel to Robinhood’s Bitcoin ETF announcement, one other participant is coming into the crypto enviornment – Pullix. This new decentralized finance (DeFi) protocol introduces a hybrid alternate, seamlessly combining the strengths of centralized and decentralized exchanges right into a unified platform. Pullix’s native token, $PLX, takes centre stage as a “Commerce-to-Earn” cryptocurrency, permitting customers to earn a share of the day by day revenues generated by the alternate.

    Pullix’s progressive strategy addresses liquidity issues within the DeFi house, providing a unified platform for seamless entry to liquidity and world asset buying and selling. With a dedication to person safety, Pullix ensures that customers retain custody of their property, eliminating the necessity to belief third events with their funds. The platform presents a spread of options, together with margin buying and selling, institutional instruments powered by AI, and a novel revenue-sharing mechanism by means of the $PLX token.

    Do you have to put money into Pullix (PLX) now?

    The PLX token is positioned as a game-changer within the crypto market, introducing a “Commerce-to-Earn” mannequin the place customers earn on the spot rewards for buying and selling on the platform. Holders of $PLX not solely profit from buying and selling but additionally take part within the day by day income of the alternate, incomes a hard and fast passive revenue by offering liquidity to automated market makers.

    See also  Not so quick! Ethereum ETFs would take longer than anticipated

    The tokenomics of $PLX are designed to advertise utility, encourage dealer engagement, assure sustainability, and foster platform development. With a hard and fast provide, token-burning mechanisms, and staking rewards, Pullix goals to create a well-balanced ecosystem the place each stakeholder experiences mutual advantages. The platform’s distinctive options, together with deep liquidity, leverage, and privacy-focused person accounts, contribute to its attraction within the aggressive DeFi house.

    If , you possibly can go to Pullix’s official web site and take part within the ongoing PLX token presale. The presale stage is at present in its sixth stage and has raised greater than $3.3 million. The PLX token goes for $0.08 though the worth is scheduled to rise within the subsequent 15 days because it enters the following presale stage.

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