Key figures within the XRP community are growing more hopeful about the potential listing of XRP on the prestigious American exchange, Robinhood, known for its strict listing guidelines.
Major U.S.-based exchanges such as Coinbase, Gemini, and Kraken have resumed trading services for XRP after Ripple emerged victorious in a legal battle against the SEC approximately a year ago. Despite the ruling that XRP is not a security, Robinhood has yet to embrace XRP.
Currently, Robinhood only provides real-time market data for XRP. This feature extends to more than 50 cryptocurrencies that are not available for trading on the platform, including BNB, Cardano (ADA), and Solana (SOL). Robinhood has hinted at the possibility of enabling the buying and selling of XRP and the other 50 tokens in the future.
The XRP community, also known as the XRP Army, is optimistic about the impending acquisition of Bitstamp by Robinhood, signaling a potential step closer to XRP being listed. Bitstamp, a global crypto exchange that supports XRP, will merge its operations with Robinhood’s platform, catering to clients across the U.K., U.S., E.U., and Asia.
The acquisition is anticipated to be finalized in the first half of 2025, subject to standard closing conditions and regulatory approvals. Supporters of XRP’s likely listing on Robinhood post-acquisition point to Bitstamp’s robust backing of the XRP Ledger, exemplified by the issuance of stablecoins for major fiat currencies on the ledger.
Vet, a validator on the XRPL dUNL, highlighted the significance of this development, suggesting that Robinhood will possess the necessary infrastructure to list tokens built on the XRPL. With Bitstamp already facilitating XRP trading, Vet believes Robinhood could seamlessly continue this practice.
Notably, Bitstamp holds more than 50 active licenses globally, providing Robinhood with regulatory clearance to support XRP after the acquisition. Community members are upbeat about the potential XRP listing, with some speculating that Robinhood may even consider adding Ripple’s upcoming RLUSD stablecoin to its offerings.
While some, like crypto sleuth Mr. Huber, remain cautious about the acquisition and its impact on XRP’s listing, the overall sentiment within the community is one of optimism. It is essential for readers to conduct thorough research and exercise caution before making any investment decisions, as the opinions expressed in this article are solely those of the author and do not necessarily reflect The Crypto Basic’s stance.