Robinhood Plans To Enable Deposits & Withdrawals For Crypto – February 18

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $51,761

Bitcoin price inched upward over the last day of trading, yet another marginally increased all-time high at $52,550.

Top-20 altcoins have performed well, as Ethereum gains 6% to reach its own new all-time high, while Binance Chain stands out with a 40% jump.

Top Stories for February 18, 2021 πŸ”₯

πŸ‘‰ Robinhood Plans To Enable Deposits & Withdrawals For Crypto

Popular trading app Robinhood has announced that it plans to enable deposits and withdrawals for cryptocurrencies, including DOGE.

The announcement also clarified that the company does not invest in cryptocurrency for its own benefit – an apparent front-run on today’s Bloomberg’s article which claimed Robinhood owns the largest Dogecoin wallet.

Currently, Robinhood only allows users to buy and sell cryptocurrency within the app, without the ability to deposit or withdraw crypto funds.

πŸ‘‰ Binance Smart Chain’s PancakeSwap Reaches $1B Market Cap

PancakeSwap has become the very first project on the Binance Smart Chain to reach a $1 billion valuation.

The automated market maker (AMM) platform is similar to Uniswap, but takes advantage of the low fees on the Binance Smart Chain network.

Total value locked in the protocol has also hit a new high of almost $2.5 billion.

πŸ‘‰ ETH Futures Reach $34M Daily Volume on CME

CME futures contracts for Ethereum have reached a daily trading volume of $34 million in their first week, with an average of 371 contracts traded daily.

More than a quarter of the trading volume came from outside the United States, while a third of all trading volume was outside of US trading hours.