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The post Robinhood Acquisition Of Bitstamp Sparks Optimism About the Listing of XRP appeared first on Coinpedia Fintech NewsRobinhood Markets has announced its plan to acquire the well-known crypto exchange Bitstamp for $200 million. This acquisition aims to enhance Robinhood’s services outside the United States, particularly in Europe and Asia, where Bitstamp has a strong foothold.Meanwhile, the XRP community is optimistic that this move could lead to Robinhood listing XRP for trading, given Bitstamp’s strong support for XRP.
Robinhood To Acquire Bitstamp
Robinhood is set to acquire Bitstamp, one of the largest and most respected crypto exchanges, for $200 million. The acquisition is expected to be finalized in the first half of 2025, pending regulatory approval and fulfillment of standard closing conditions. The acquisition will see Bitstamp’s extensive crypto exchange operations integrated into Robinhood’s platform, servicing both retail and institutional clients across multiple regions. The XRP community is hopeful that this move might lead to Robinhood listing XRP for trading, given Bitstamp’s strong support for the XRP Ledger and its issuance of stablecoins for currencies like USD, EUR, and GBP on the ledger.
Interesting fact, Bitstamp has the following stablecoins already issued on the XRP Ledger
– USD
– EUR
– JPY
– GBP
– AUD
– CHF
Robinhood now also has the tech infrastructure to list XRPL issued tokens. https://t.co/eAUlC9A8ui pic.twitter.com/kFJHtum4cv
— Vet 🏴☠️ (@Vet_X0) June 6, 2024
Despite the recent ruling, which clarified that XRP is not a security, Robinhood has not yet listed XRP for trading.
Ripple’s Stablecoin Could Be Listing Too
There is also hope that Robinhood might list Ripple’s upcoming RLUSD stablecoin. Bitstamp’s wide regulatory clearances, with over 50 active licenses and registrations globally, would support Robinhood in continuing XRP trading after the acquisition. Community members believe Ripple’s stake in Bitstamp and Bitstamp’s support for the XRP Ledger increase the chances of both XRP and Ripple’s stablecoin being listed on Robinhood.
Divide Sentiment on XRP Listing
Vet, an XRPL dUNL Validator, pointed out that Robinhood will get the technical setup needed to list XRPL tokens from Bitstamp. Since Bitstamp already supports XRP trading, Robinhood could easily continue this. Along with this Bitstamp has over 50 licenses worldwide, which helps Robinhood support XRP trading after the deal.However, not everyone shares this optimism, crypto sleuth Mr. Huber thinks Robinhood might delist XRP from Bitstamp’s platform after the acquisition, raising doubts about the community’s hopes.While many see this move as a promising step toward XRP’s inclusion on the platform, some remain skeptical about the outcome.More By This Author:ADA Down Despite Cardano’s Launch Of Ogmios V6.4.0 Upgrade
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