HBAR Surges After Robinhood Listing Sparks Retail Demand

The price of Hedera (HBAR) is the biggest gainer among the top 20 cryptos, recording nearly double-digit gains despite the broader altcoin market bleed.

The surge is expected and follows a major development set to expand market reach for the altcoin.

Robinhood Lists HBAR: What You Need To Know

Robinhood announced the listing of Hedera Hashgraph’s powering token, HBAR, fueling a notable surge in the altcoin’s price.

Hedera (HBAR) Price Performance. Source: TradingView

The surge comes amid expectations that HBAR will be available to Robinhood users in the US. The trading app has over 20 million monthly active users, many of whom are active retail traders.

Therefore, the Robinhood listing puts the token in front of a large, mobile-first, often younger investor base, many of whom do not use traditional crypto exchanges like Binance or Coinbase.

This means listing HBAR on Robinhood opens the door to new demand, hence the market reaction.