Key figures within the XRP community are increasingly hopeful about the potential for XRP to be listed on the prestigious American exchange, Robinhood, known for its stringent listing criteria.
Major U.S.-based exchanges like Coinbase, Gemini, and Kraken have already resumed trading services for XRP following Ripple’s legal victory against the SEC approximately a year ago. Despite the ruling that XRP is not a security, Robinhood has maintained its distance from the digital asset.
Currently, Robinhood only offers real-time market data for XRP. This service is extended to more than 50 cryptocurrencies that are not permitted for trading on the platform, including BNB, Cardano (ADA), and Solana (SOL). Robinhood has hinted at the possibility of enabling the buying and selling of XRP and other tokens in the future.
The XRP community, also known as the XRP Army, is optimistic that the listing of XRP on Robinhood is drawing closer, particularly after Robinhood announced its intention to acquire Bitstamp, a global cryptocurrency exchange that fully supports XRP.
As per the official announcement, Robinhood’s acquisition of Bitstamp will incorporate Bitstamp’s extensive exchange operations into Robinhood’s platform, catering to retail and institutional clients across the U.K., U.S., E.U., and Asia. The deal is anticipated to be finalized in the first half of 2025, subject to standard closing conditions and regulatory approvals.
One compelling argument in favor of XRP’s potential listing on Robinhood post-acquisition is Bitstamp’s robust backing of the XRP Ledger. For instance, Bitstamp has issued stablecoins for various fiat currencies on the XRP Ledger.
Vet, a Validator on the XRPL dUNL, highlighted this key point following the acquisition news, suggesting that Robinhood will inherit the necessary technical framework to list tokens issued on the XRPL. With Bitstamp already facilitating XRP trading, Vet proposed that Robinhood could seamlessly continue this practice.
Additionally, Bitstamp holds over 50 active licenses and registrations globally, providing Robinhood with the regulatory clearance required to continue supporting XRP after the acquisition. Community members are also optimistic about the potential listing of XRP on Robinhood due to Ripple’s stake in Bitstamp, speculating that Robinhood might even consider listing Ripple’s upcoming RLUSD stablecoin.
While some members are hopeful about the listing, others like crypto sleuth Mr. Huber are less optimistic, suggesting that Robinhood could potentially delist XRP from Bitstamp’s platform post-acquisition.
Disclaimer: This content serves as information and should not be construed as financial advice. The opinions expressed in this article are solely those of the author and do not necessarily represent The Crypto Basic’s stance. Readers are advised to conduct thorough research before making any investment decisions, and The Crypto Basic holds no responsibility for any financial losses incurred.
