Key figures within the XRP community are growing more hopeful about the potential for XRP to be listed on the popular American exchange, Robinhood, known for its stringent listing criteria.
Despite previous reluctance, major U.S.-based exchanges like Coinbase, Gemini, and Kraken have resumed offering trading services for XRP after Ripple’s legal victory against the SEC approximately a year ago. Despite the ruling that XRP is not a security, Robinhood has kept its distance from the token.
Currently, Robinhood only provides real-time market data for XRP, along with over 50 other cryptocurrencies that are not available for trading on the platform, such as BNB, Cardano (ADA), and Solana (SOL). However, Robinhood has left the door open for the possibility of allowing users to buy and sell XRP and the other 50 tokens in the future.
The XRP community, also known as the XRP Army, is feeling optimistic about the prospects of XRP being listed on Robinhood sooner than anticipated following the announcement of Robinhood’s plan to acquire Bitstamp, a global exchange that supports XRP.
The acquisition will see Bitstamp’s extensive crypto exchange operations integrated into Robinhood’s platform, catering to clients across the U.K., U.S., E.U., and Asia. The transaction is expected to be finalized in the first half of 2025, pending regulatory approvals.
Support for XRP’s potential listing on Robinhood post-acquisition stems from Bitstamp’s robust backing of the XRP Ledger. Vet, an XRPL dUNL Validator, pointed out that Robinhood will inherit the necessary technical infrastructure to list tokens issued on the XRPL and could seamlessly continue XRP trading.
Additionally, with over 50 active licenses and registrations globally, Bitstamp provides Robinhood with the regulatory clearance needed to continue supporting XRP after the acquisition. Some community members speculate that Robinhood may even list Ripple’s upcoming stablecoin, RLUSD, given Ripple’s stake in Bitstamp.
While some are optimistic about the listing of XRP and Ripple’s stablecoin, others like crypto sleuth Mr. Huber remain cautious, suggesting that Robinhood may decide to delist XRP from Bitstamp’s platform post-acquisition.
It is important to note that this content is for informational purposes only and should not be taken as financial advice. The opinions expressed are solely those of the author and do not reflect The Crypto Basic’s stance. Readers are advised to conduct thorough research before making any investment decisions, and The Crypto Basic bears no responsibility for any financial losses incurred.