Bitstamp’s moonshot submit sparks optimism a few potential XRP itemizing on Robinhood following the plan to accumulate the change.
Not too long ago, Bitstamp, the world’s longest-running crypto change, stirred bullish curiosity within the XRP group by hinting at a moonshot for the asset. Particularly, the change shared a submit of XRP on the moon, reliving optimism among the many XRP Military.
The submit suggests in a lighthearted tone that XRP may engineer an astronomical value surge, a long-standing aspiration of the XRP group.
I took this image of the moon final evening 😌 $XRP pic.twitter.com/gAQScc7qf4
— Bitstamp (@Bitstamp) July 8, 2024
XRP Military Reacts
Expectedly, the group reacted with pleasure, with some pondering whether or not a significant announcement was across the nook that would facilitate the hinted moon rally.
Edo Farina, Head of Social Adoption at XRP Healthcare, expressed the bullish sentiment that XRP heading for the moon is simply too conservative. “The moon is simply too shut; XRP goes to Saturn,” Farina remarked.
In the meantime, group commentator Chad Steingraber linked Bitstamp’s XRP moonshot submit to the just lately introduced transfer by distinguished American change Robinhood to accumulate Bitstamp.
Is Robinhood Itemizing Coming?
Steingraber cited a portion of the announcement stating that buying Bitstamp would allow Robinhood to increase its crypto enterprise providing.
Final 12 months, main exchanges similar to Coinbase, Bitstamp, Gemini, and Kraken reinstated XRP buying and selling for U.S. customers after a federal choose dominated that XRP shouldn’t be a safety.
Nevertheless, Robinhood, well-known for its strict insurance policies, maintained its distance from XRP; the judgment was inadequate for it to contemplate itemizing XRP. The change solely supplies real-time market information for XRP.
In the meantime, final month, Robinhood entered an settlement to take over Bitstamp in a deal set finalize in early 2025. As soon as full, the acquisition will combine Bitstamp’s crypto change operations into Robinhood’s platform, permitting it to serve shoppers within the U.S., E.U., U.Ok., and Asia.
A major implication of Robinhood’s acquisition of Bitstamp is that it may pave the best way for XRP’s itemizing on its crypto platform. Notably, Bitstamp has sturdy technical help for XRP Ledger, that means Robinhood will inherit infrastructure to checklist XRPL-issued tokens like XRP.
Consequently, XRP group members are optimistic that XRP may begin buying and selling on Robinhood after absolutely buying Bitstamp.
Nevertheless, not everybody shares the optimism about XRP’s potential itemizing on Robinhood. Crypto analyst Mr. Huber has expressed a extra cautious view, suggesting that Robinhood may as an alternative delist XRP from Bitstamp’s platform as soon as the acquisition is full.
