Key figures within the XRP community are growing more hopeful regarding the potential listing of XRP on Robinhood, a well-known American exchange known for its stringent listing criteria. Despite leading U.S.-based exchanges like Coinbase, Gemini, and Kraken reenabling XRP trading after Ripple’s legal victory against the SEC about a year ago, Robinhood has remained cautious about XRP.
Presently, Robinhood only offers real-time market data for XRP, along with over 50 other crypto assets that are not available for trading on the platform, such as BNB, Cardano (ADA), and Solana (SOL). However, Robinhood has hinted that it may consider adding support for both buying and selling XRP and the rest of the 50 tokens in the future.
The XRP community, also known as the XRP Army, is buzzing with excitement as Robinhood recently announced its plans to acquire Bitstamp, a global crypto exchange with strong support for XRP. The acquisition will see Bitstamp’s crypto exchange operations integrated into Robinhood’s platform, catering to clients in the U.K., U.S., E.U., and Asia. The deal is anticipated to close in the first half of 2025, pending regulatory approvals.
With Bitstamp’s robust backing of the XRP Ledger, many believe that XRP’s potential listing on Robinhood is now more likely. Moreover, Bitstamp’s issuance of stablecoins on the XRP Ledger further bolsters this belief, as highlighted by Vet, an XRPL dUNL Validator.
In addition to XRP, Bitstamp holds numerous licenses and registrations globally, providing Robinhood with regulatory clearance to continue supporting XRP post-acquisition. There is also speculation within the community that Ripple’s upcoming RLUSD stablecoin may find its way onto Robinhood’s platform in the future.
While some community members like Mr. Huber express concerns about the future of XRP on Bitstamp post-acquisition, overall optimism remains high within the XRP community regarding the potential listing of both XRP and Ripple’s stablecoin on Robinhood. It is important to conduct thorough research before making any investment decisions, as this content is purely informational and not financial advice.