Breaking: Robinhood Adds Hedera (HBAR) to U.S. Spot Trading—Here’s Why It Matters

Robinhood just supercharged its crypto roster—Hedera (HBAR) hits the platform for U.S. spot trading. No more sidelining this enterprise-grade blockchain.

Why the hype? HBAR’s DLT chops finally get a mainstream runway. Robinhood’s 23M users can now trade it alongside Dogecoin and Bitcoin. Cue the institutional FOMO.

The fine print: Zero-commission trades (of course), but watch those spread margins. Because what’s ‘free’ in fintech usually isn’t—ask any PFX trader burned by ‘no-fee’ forex.

Bottom line: Another altcoin goes legit. Whether that’s progress or just more speculative ammo for retail? The order book won’t lie.

HBAR Price Jumps After Listing

HBAR’s price surged close to 7%, up to about $0.2481, as trading volumes increased. The cryptocurrency had just dropped to a low of $0.233 but rapidly recovered following the Robinhood listing.

As of now, Hedera (HBAR) is trading at $0.2516, up 4% in the past 24 hours, with a market capitalization of approximately $10.66 billion. The token still remains 56% below its all-time high of $0.5701, reached on September 16, 2021.  

What Comes Next for HBAR?

Even after previous drops, HBAR is staying above crucial technical levels such as the 50-day and 200-day moving averages. Even the Relative Strength Index (RSI) has cooled off, so there’s still room for further upside. Analysts maintain that this bounce may be part of a wider recovery and not merely a fleeting pump.

HBAR now faces important price levels. If it can break through resistance at $0.26, it may climb back to $0.30. But if it falls below $0.213, a deeper correction might follow. 

Hedera Network Upgrade and HBAR ETFs Grows

On July 24, just before the listing, Hedera rolled out a testnet upgrade to version 0.64, which boosted network performance and reliability. Though it only affected the testnet, the update is a clear signal that Hedera continues to improve its technology. Its hashgraph consensus mechanism, known for speed and energy efficiency, remains a key part of its long-term value proposition.

There’s also increasing institutional interest. Firms such as Grayscale and Canary Capital have filed for HBAR-focused ETFs.. No fund has yet launched, but Bloomberg’s Eric Balchunas estimates the odds of approval at 90% and that has fueled speculation and pushed demand higher.

Robinhood’s support is a major win for Hedera. It expands access to millions of U.S. users and adds momentum just as institutional demand is heating up.

Also Read: Grayscale Drops Polkadot, Adds Hedera to Smart Contract Fund