Key figures within the XRP community are growing more hopeful about the prospect of XRP being listed on the prestigious American exchange, Robinhood, known for its stringent listing criteria.
Major U.S.-based exchanges like Coinbase, Gemini, and Kraken have shown their support for XRP by offering trading services after Ripple emerged victorious in a lawsuit against the SEC approximately a year ago. Despite the legal ruling that XRP is not a security, Robinhood has chosen to keep its distance from the cryptocurrency.
Currently, Robinhood only provides real-time market data for XRP. This feature is extended to more than 50 other cryptocurrencies that the exchange does not currently allow trading for, such as BNB, Cardano (ADA), and Solana (SOL). However, Robinhood has hinted at the possibility of enabling users to buy and sell XRP and the other restricted tokens in the future.
The XRP community, also known as the XRP Army, is now more optimistic than ever about the potential listing of XRP on Robinhood following the announcement of Robinhood’s intention to acquire Bitstamp, a global cryptocurrency exchange that fully supports XRP.
Upon completion of the acquisition, which is expected to take place in the first half of 2025 pending regulatory approval, Bitstamp’s extensive operations will be integrated into Robinhood’s platform, catering to retail and institutional clients in the U.K., U.S., E.U., and Asia.
One of the main reasons supporting the belief that XRP may soon be listed on Robinhood is Bitstamp’s robust backing of the XRP Ledger. For instance, Bitstamp has issued stablecoins for various fiat currencies on the XRP Ledger.
Vet, an XRPL dUNL Validator, has pointed out that Robinhood will inherit the necessary technical infrastructure to list tokens issued on the XRPL following the acquisition. Additionally, since Bitstamp already facilitates XRP trading, it is likely that Robinhood will continue this practice seamlessly.
Moreover, with over 50 active licenses and registrations worldwide, Bitstamp’s acquisition by Robinhood provides the necessary regulatory clearance for supporting XRP. Community members are also optimistic about the potential listing of XRP and even Ripple’s upcoming stablecoin, RLUSD, due to Ripple’s stake in Bitstamp and the exchange’s support for the XRP Ledger.
While some, like crypto investigator Mr. Huber, are less optimistic and speculate that Robinhood may delist XRP from Bitstamp’s platform post-acquisition, the overall sentiment within the XRP community remains positive about the future prospects of XRP and Ripple’s stablecoin being listed on Robinhood.
This article provides information and should not be taken as financial advice. The opinions expressed are solely those of the author and do not represent The Crypto Basic’s stance. Readers are advised to conduct their own research before making any investment decisions, as The Crypto Basic is not liable for any financial losses incurred.
