Key notes
- CZ-backed dex ASTER reached a market capitalization of $3.9 billion within 30 days, gaining Robinhood’s listing alongside the addition of Coinbase’s BNB roadmap.
- Tether’s Plasma token attracts $6 billion TVL through tokenization of US Treasuries backing the stablecoin giant’s $180 billion offering for institutional settlement.
- Robinhood stock fell 12% over five days, reflecting weakness in the cryptocurrency market following last week’s record $19 billion liquidation event.
Leading digital asset trading platform, Robinhood US, officially listed Binance’s ASTER, Tether’s Plasma (XPL) and Virtuals (Virtuals) protocol for trading on October 16. The move expands Robinhood’s trading offerings to include newly emerging cryptocurrency communities.
Robinhood Adds Binance’s ASTER and Tether’s Plasma (XPL) Amid Market Volatility
ASTER, a newly launched BNB blockchain native protocol, quickly gained traction as it rose by triple digits to reach a peak market capitalization of $3.9 billion in September, less than 30 days after launch.
$ aster, $XPLand $default Now available for trading on Robinhood. pic.twitter.com/ZgP0TN2PqH
— Robin Hood (@RobinhoodApp) October 16, 2025
Powered by the world’s third largest DeFi ecosystem, ASTER acts as a liquidity optimization layer that connects the BNB chain and opBNB to other cross-chain DeFi markets.
Aster is not an exclusive BNB chain. It supports multiple threads natively.
It also supports hidden commands. Different from other perp dex designs.
— Czechoslovakia
BNB (@cz_binance) September 20, 2025
Binance co-founder Changpeng “CZ” Zhao has publicly endorsed ASTER, emphasizing its unique design compared to existing decentralized exchanges.
Robinhood’s listing of the Binance-linked token amplifies the strategic alignment between key stakeholders in the industry. This news comes after Coinbase added BNB to its roadmap on Wednesday, in line with its new update “Blue carpetMerit-based documents.
We have just rolled out the ‘blue carpet’ for asset issuers.
The same free, merit-based process, now with more access and collaboration. https://t.co/upaNDg6KiV
— Coinbase
(@coinbase) October 15, 2025
Tether Plasma appears as the leader of the RWA sector
Likewise, Tether Plasma (XPL), which was also launched in September, has emerged as a front-runner in the real assets (RWA) sector, attracting $6 billion in total value locked by October 9.
Designed to tokenize US Treasuries and other securities that back Tether’s $180 billion circulating supply, Plasma enables on-chain settlement and distribution of proceeds to institutional investors.
Robinhood also listed the Virtuals Protocol (VIRTUALS), an AI agent infrastructure network that allows developers and companies to deploy autonomous digital agents capable of executing smart contracts and managing DeFi portfolios.
Robinhood (HOOD) Stock Price Action, October 16, 2025 | Source: Nasdaq
Despite the bullish listings, overall sentiment remains cautious. Cryptocurrency market volumes fell by 22% on a weekly basis, while Bitcoin trading volumes declined
Bitcoin
$107,939
24-hour fluctuations:
3.2%
Market value:
$2.15 T
Vol. 24 hours:
$83.80 billion
A drop below $109,000 continues to weigh on altcoin momentum.
Robinhood stock fell 1.9% to $131.5 per share, extending its five-day loss to 12% in relation to the cryptocurrency market, which remained fragile after a record $19 billion liquidation event last Friday.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to provide accurate and timely information but should not be considered financial or investment advice. Since market conditions can change rapidly, we encourage you to verify the information yourself and consult with a professional before making any decisions based on this content.
Ibrahim Ajibade is an experienced research analyst with a background in supporting several startups and financial institutions in the Web3 space. He has his undergraduate degree in Economics and is currently studying for a Masters in Blockchain and Distributed Ledger Technologies at the University of Malta.
The post Robinhood US Lists CZ-backed ASTER and Tether’s Plasma (XPL) for Trading first appeared on Investorempires.com.
