Neteller And Skrill Introduce Solana (SOL) Trading Services – – Daily Cryptocurrency and FX News

SOLUSD. Source: TradingView

Skrill and Neteller, two of the largest digital wallet providers, will now allow millions of customers to buy and sell Solana’s native token (SOL). This development comes amid the blockchain project’s rapid adoption and the recent price surge of SOL.

In an October 7 announcement, the two fintech companies confirmed starting crypto trading services for Solana (SOL) products. The two also revealed that they will offer direct fiat purchases to the crypto sector following the latest integration from their host company, Paysafe.

According to the statement, the decision to start  SOL services has resulted from the blockchain project’s significant growth, which has now become the home of many DeFi and NFT protocols.

Skrill and Neteller users can now manage their Solana portfolios directly in-app, just like they can with any of the nearly 40 digital assets, including Bitcoin, Ethereum, Uniswap, Chainlink, and other cryptocurrencies.

Customers can also set up price alerts to receive notifications of significant price changes. Moreover, they can set up automated or recurring purchases. This new crypto service offering is now available in many regions, including Europe, Asia, and Latin America, but not yet available in the United States.

While commenting about the newly launched Solana services, Jordan Stoev, Head of Crypto at Skrill and Neteller, stated:

“Solana is a very exciting addition to our growing crypto offering for both Skrill and Neteller; it is growing at a rapid pace, not just in value but in developer attention and the variety of projects building on it. With its high performance and ecosystem support, we believe many of our users will be excited about the opportunity to buy and sell this currency.”

Solana (SOL) Market Health 2021

Since the beginning of this year, Solana and its native token have been on a tear. Surprisingly, SOL debuted in earlier 2021 at around $1.5. The ensuing market-wide bull run resulted in a 10x increase in less than a month.

A few months later, SOL resumed its price rise after a brief retracement, reaching a new high of $60 in mid-May, when the entire market was in green.

While many altcoins retraced significantly and attempted to recover from the mid-May market crash in the following months, SOL continued on a huge run. SOL soared to a new all-time high of $215 on September 9.

Despite several corrections since then, SOL is now oscillating above $150 at the time of publishing, representing a 100-fold increase year-to-date. It’s no surprise that a $1,000 investment at the start of 2021 would now be worth six figures.

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