Outstanding figures within the XRP neighborhood have turn out to be more and more optimistic about the potential for XRP itemizing on the American alternate Robinhood, famend for its strict itemizing insurance policies.
Notably, main U.S.-based exchanges comparable to Coinbase, Gemini, and Kraken assist buying and selling providers for XRP, having relisted it after Ripple secured a lawsuit victory in opposition to the SEC a couple of yr in the past. Regardless of the ruling that XRP shouldn’t be a safety, Robinhood has continued to distance itself from XRP.
At current, Robinhood solely helps XRP’s real-time market information. This service is accessible to over 50 crypto property the alternate doesn’t approve for buying and selling, together with BNB, Cardano (ADA), and Solana (SOL). Robinhood has maintained that it might add assist for getting and promoting XRP and the opposite 50 tokens sooner or later.
Robinhood Acquires Professional-XRP Alternate
In the meantime, the XRP Military believes this present day is now nearer than anticipated amid Robinhood’s introduced plan to accumulate Bitstamp, a world crypto alternate that helps XRP.
In response to the official notification, Robinhood’s acquisition of Bitstamp will combine Bitstamp’s intensive crypto alternate operations into Robinhood’s platform, serving retail and institutional shoppers throughout the U.Okay., U.S., E.U., and Asia.
The deal is predicted to be accomplished within the first half of 2025, pending the satisfaction of ordinary closing situations and acquiring the required regulatory approvals.
Notably, arguments supporting XRP’s potential itemizing on Robinhood following this acquisition embrace Bitstamp’s robust assist for the XRP Ledger. As an illustration, Bitstamp issued stablecoins for USD, EUR, JPY, GBP, AUD, and CHF on the XRP Ledger.
Vet, an XRPL dUNL Validator, highlighted this level following the acquisition information. He famous that Robinhood will inherit the required technical infrastructure to record tokens issued on the XRPL.
Furthermore, on condition that Bitstamp already facilitates XRP buying and selling, Vet instructed that Robinhood might seamlessly proceed this follow.
Attention-grabbing truth, Bitstamp has the next stablecoins already issued on the XRP Ledger
– USD
– EUR
– JPY
– GBP
– AUD
– CHFRobinhood now additionally has the tech infrastructure to record XRPL issued tokens. https://t.co/eAUlC9A8ui pic.twitter.com/kFJHtum4cv
— Vet 🏴☠️ (@Vet_X0) June 6, 2024
Optimism for Itemizing of XRP and Ripple’s Stablecoin
Moreover, Bitstamp holds over 50 energetic licenses and registrations globally, offering Robinhood with ample regulatory clearance to proceed assist for XRP upon acquisition.
Different neighborhood members are additionally optimistic in regards to the potential XRP itemizing attributable to Ripple’s stake in Bitstamp. Pseudonymous neighborhood member XRP DROPZ argued that with the acquisition, Robinhood may even record Ripple’s forthcoming RLUSD stablecoin.
Echoing this sentiment, the XRPL dUNL Validator emphasised that each XRP and Ripple’s stablecoin have robust probabilities of being listed, bolstered by Bitstamp’s assist for the XRP Ledger.
In the meantime, crypto sleuth Mr. Huber is much less optimistic. Reacting to the upcoming acquisition, he instructed that Robinhood might delist XRP from Bitstamp’s platform when the deal goes via.
Oh boy, XRP delisting incoming. https://t.co/sLZYYIxVZ7
— Mr. Huber🔥🦅🔥 (@Leerzeit) June 6, 2024
