Key players within the XRP community are feeling increasingly positive about the potential of XRP being listed on the prestigious American exchange Robinhood, known for its stringent listing criteria.
Although major U.S.-based exchanges like Coinbase, Gemini, and Kraken have resumed trading services for XRP following Ripple’s legal victory against the SEC about a year ago, Robinhood has remained cautious in its approach towards XRP.
Currently, Robinhood only offers real-time market data for XRP, along with over 50 other cryptocurrencies that are not yet available for trading on the platform, including BNB, Cardano (ADA), and Solana (SOL). However, Robinhood has hinted at the possibility of enabling the buying and selling of XRP and these other tokens in the future.
The XRP community, also known as the XRP Army, is optimistic about the imminent listing of XRP on Robinhood, especially after the recent announcement of Robinhood’s plans to acquire Bitstamp, a global crypto exchange that fully supports XRP.
The acquisition of Bitstamp by Robinhood will integrate Bitstamp’s comprehensive crypto exchange services into Robinhood’s platform, catering to both retail and institutional clients across various regions including the U.K., U.S., E.U., and Asia. The deal is expected to be finalized in the first half of 2025, pending regulatory approvals.
One of the key arguments in favor of XRP’s listing on Robinhood post-acquisition is Bitstamp’s robust backing of the XRP Ledger, as demonstrated by its issuance of stablecoins for various fiat currencies on the XRP Ledger.
Vet, a prominent XRPL dUNL Validator, highlighted the technical capabilities that Robinhood will inherit from Bitstamp, enabling the listing of tokens issued on the XRPL. With Bitstamp’s existing support for XRP trading, Vet suggested that Robinhood could seamlessly continue this practice.
Additionally, with Bitstamp holding over 50 active licenses globally, Robinhood is well-positioned to continue supporting XRP once the acquisition is finalized. Community members are also optimistic about the potential listing of XRP on Robinhood, with some speculating that Ripple’s upcoming RLUSD stablecoin could also be listed on the platform.
While some members of the community are less optimistic, suggesting that Robinhood may delist XRP from Bitstamp’s platform post-acquisition, overall sentiment remains positive about the future of XRP and Ripple’s stablecoin on Robinhood.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The opinions expressed are solely those of the author and do not necessarily reflect the views of The Crypto Basic. Readers are advised to conduct their own research before making any investment decisions, as The Crypto Basic holds no responsibility for any financial losses incurred.