Key figures within the XRP community are feeling more positive about the potential listing of XRP on the well-known American exchange Robinhood, known for its stringent listing criteria.
While major U.S.-based exchanges like Coinbase, Gemini, and Kraken have resumed trading XRP after Ripple’s legal victory against the SEC about a year ago, Robinhood has remained hesitant to embrace XRP despite the ruling that it is not a security.
Currently, Robinhood only provides real-time market data for XRP and over 50 other cryptocurrencies that are not available for trading on the platform, including BNB, Cardano (ADA), and Solana (SOL). However, the exchange has hinted at the possibility of adding support for buying and selling XRP and these other tokens in the future.
The XRP community, also known as the XRP Army, is hopeful that Robinhood’s recent announcement of its intention to acquire Bitstamp, a global exchange that supports XRP, may bring XRP closer to being listed on the platform.
As per the announcement, the acquisition of Bitstamp by Robinhood will see Bitstamp’s crypto exchange operations integrated into Robinhood’s platform, catering to retail and institutional clients in 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 argument in favor of XRP’s potential listing on Robinhood post-acquisition is Bitstamp’s robust backing of the XRP Ledger, including the issuance of stablecoins on the ledger for major currencies like USD, EUR, JPY, GBP, AUD, and CHF.
Members of the XRP community and industry experts believe that Robinhood’s acquisition of Bitstamp could pave the way for XRP to be listed on the platform, alongside potential support for Ripple’s upcoming RLUSD stablecoin.
While some are optimistic about the listing prospects, others like crypto sleuth Mr. Huber remain cautious, suggesting that Robinhood could potentially delist XRP from Bitstamp once the acquisition is finalized.
Please note that the information provided in this article is for informational purposes only and should not be construed as financial advice. Readers are advised to conduct their own research before making any investment decisions. The Crypto Basic does not take responsibility for any financial losses incurred.
