As the crypto space continues to expand globally, trading platforms are making it easier to trade. Robinhood, a popular trading platform, recently announced its expansion of crypto services in Europe. This decision could lead to people getting more access to popular crypto like Ethereum (ETH), and emerging tokens like Cutoshi.
Robinhood: Now Allowing Crypto Trading in Europe
Robinhood allows trading in crypto, exchange-traded funds, stocks, and options, without charging any commission. Its success can be attributed to making trading accessible to users, especially newbie tech-savvy investors, who need a more user-friendly platform to get started.
Recently, Robinhood has been expanding its services in Europe. Last December, Robinhood was launched in the European Union. And with their latest decision, Robinhood now allows the transfer of more than 20 cryptocurrencies on their app. According to Johann Kerbrat, VP and general manager of Robinhood, the expansion will make it simpler for users to enter DeFi.
This strategic expansion may have come at the perfect time when the market is gearing up for a new token, CUTO, with a lot of rally potential.
Ethereum (ETH) loses 23.64% trading volume in a day
One of the biggest blockchain platforms globally, Ethereum, has made a name for itself. Ethereum’s famous smart contracts paved the way for the DeFi revolution, NFT, and thousands of other blockchain-based projects. Since its inception, Ethereum has seen a lot of growth and development.
As of October 2024, Ethereum has been disappointing investors due to its poor market performance. Ethereum is currently trading at the price of $2,420.87. While this may be an improvement of 1.46% within a day, Ethereum has fallen by 9.42% this week. Ethereum has also lost 23.64% of its trading volume in a day.
While this paints a dark picture for Ethereum, analysts believe that ETH could reach the price of $2,696.66 by the end of this year. However, this unsatisfactory performance by a big name like Ethereum has forced investors to look towards Cutoshi, an emerging meme coin with utility functions.
Cutoshi (CUTO) raises over $300,000 in presale
Cutoshi is the perfect mixture of a meme coin, and a DeFi utility platform. Inspired by the Chinese Lucky Cat, and the teachings of the legendary Satoshi Nakamoto, Cutoshi wants to make Decentralized Finance accessible to the masses. The platform appeals to both meme coin traders and DeFi enthusiasts, as it offers the best of both worlds.
Cutoshi’s decentralized exchange (DEX) has a multi-chain transaction ability, wherein users can swap assets across different blockchains. The DEX is more secure and private than other exchanges, and will result in a lot of time and money saved for its traders.
Cutoshi Academy, which will have resources to narrow the knowledge gap in crypto, and bring DeFi to the masses. Cutoshi Farming and NFTs will add a fun element to the project by giving exciting rewards to the users.
Cutoshi is in its first presale stage, and selling at a low price of $0.015. The token has raised over $300K, and is in high demand among investors.
Analysts are extremely positive about the prospects for Cutoshi, and believe the coin could see a major increase in the coming months. Considering that the DeFi market is poised to grow from USD 23.99 billion in 2023 to USD 48.02 billion by 2031, it may be the perfect time to invest in a token like Cutoshi to maximize returns.
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