Optimism’s OP Token Now Available on Robinhood Crypto

Optimism’s native token, OP, is now available on Robinhood Crypto, a cryptocurrency exchange, in select EU regions.

Trading of Optimism’s native token, OP, is now available on Robinhood Crypto, a cryptocurrency exchange, in some EU locations, according to the company.

Optimism is an overlay layer on top of Ethereum that uses optimistic rollups to increase the Ethereum ecosystem’s scalability while also taking advantage of the Ethereum mainnet’s security. This means that Optimism will record transactions in a trustless way, with the Ethereum network providing the highest level of security.

The total value locked (TVL) for Ethereum Optimism surpasses $500 million, making it one of the largest scaling solutions. Among the 97 protocols that make up its ecosystem, the most prominent ones include the derivatives exchange Synthetix (SNX), the decentralized exchange Uniswap (UNI), and the automated market maker Velodrome (VELO). The much-anticipated airdrop of Optimism’s native OP token took place in 2022.

The Optimism Foundation, the organization responsible for creating the Optimism ecosystem, recently initiated a sale of approximately 19.5 million OP tokens to private investors, with a transaction value exceeding $89 million.

The OP cryptocurrency has lost over 2% of its value in the last 24 hours, according to data from CoinMarketCap, and is currently trading at $3.12 per token.

Among the twenty-four cryptocurrencies offered by Robinhood Crypto are Bitcoin, Ethereum, and Solana

With Robinhood Crypto, customers can buy, sell, and store a wide range of cryptocurrencies on a platform that offers reasonable trading rates. The platform currently supports 24 different cryptocurrencies for trade, including some very prominent ones like Bitcoin, Ethereum, SOL, XRP, DOGE, and many more. It plans to introduce more cryptocurrencies to its asset offerings in the near future. 

When traders use Robinhood Crypto, some of their trade value will be returned to them in Bitcoin (BTC). The monthly trade volume of bitcoin determines this award. Payments are made in Bitcoin. Users cannot sell the value of their Bitcoin incentive for 30 days after receiving it.