Key figures within the XRP community are growing more hopeful about the chance 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 already reinstated XRP trading services following Ripple’s legal victory against the SEC about a year ago. Despite the ruling that XRP is not a security, Robinhood has chosen to keep its distance from XRP.
Currently, Robinhood only provides real-time market data for XRP, along with over 50 other cryptocurrencies that are not approved for trading on the platform, including BNB, Cardano (ADA), and Solana (SOL). However, Robinhood has hinted at the possibility of adding support for buying and selling XRP, as well as the other 50 tokens, in the future.
The XRP community, also known as the XRP Army, is optimistic that the day of XRP’s listing on Robinhood may be approaching sooner than anticipated, especially with Robinhood’s recent announcement of its plan to acquire Bitstamp, a global crypto exchange that is pro-XRP.
The acquisition of Bitstamp by Robinhood will see Bitstamp’s extensive crypto exchange operations integrated into Robinhood’s platform, catering to retail and institutional clients across various regions. The deal is expected to be finalized in the first half of 2025, pending regulatory approvals.
Many see Bitstamp’s robust support for the XRP Ledger as a strong argument in favor of XRP’s potential listing on Robinhood post-acquisition. Additionally, the support for XRP trading on Bitstamp could easily transition to Robinhood.
Furthermore, with Bitstamp holding numerous licenses and registrations globally, Robinhood will have the necessary regulatory clearance to continue supporting XRP after the acquisition. Some speculate that Robinhood might even consider listing Ripple’s upcoming RLUSD stablecoin.
While there is optimism within the community, some, like crypto sleuth Mr. Huber, remain cautious about the outcome of the acquisition. It is essential for readers to conduct thorough research before making any investment decisions, as the views expressed in this article are personal opinions and do not necessarily reflect The Crypto Basic’s stance.