HBAR surges after Robinhood listing sparks demand from retail investors

The price of Hedera (HBAR) is the largest increase among the top 20 cryptocurrencies, recording a near double-digit increase despite the broad altcoin market declining.

This price increase was predicted and followed a major development aimed at expanding the market scope for this altcoin.

Robinhood Listing HBAR: What You Need to Know

Robinhood has announced the listing of Hedera Hashgraph's token, HBAR, driving a significant price increase for this altcoin.

This price increase occurred against the backdrop of expectations that HBAR will be available to Robinhood users in the US. This trading app has over 20 million monthly active users, many of whom are active small retail investors.

Therefore, listing the token on Robinhood brings it before a large number of young, mobile-first investors, many of whom do not use traditional cryptocurrency exchanges like Binance or Coinbase.

This means that listing HBAR on Robinhood opens the door to new demand, thus the market reacts positively.

This is consistent with recent Price Impact of altcoins after similar announcements. Recently, Bithumb's announcement of listing Lista DAO (LISTA) and Merlin Chain (MERL) has driven double-digit increases for these tokens.

Similarly, Coinbase's recent announcement of listing BNKR, JITOSOL, and MPLX caused these three new altcoins to surge.

Meanwhile, Robinhood's listing of HBAR is part of a broader expansion into cryptocurrency trading as it competes with exchanges like Coinbase and Binance.US in the US market.

After President Donald Trump's election victory in November, US-based cryptocurrency exchanges have experienced a more favorable period, driving bold listing actions, including adding meme coins to their product portfolios.

With Trump positioning himself as a cryptocurrency supporter, the US SEC has dropped enforcement action against Robinhood related to cryptocurrency trading violations.

Beyond this listing, Hedera's price also benefits from a potential HBAR ETF, with filings from Grayscale and Canary Capital. Canary Capital pioneered the HBAR ETF race, filing its application with the US SEC in November.