Key members of the XRP community are growing more hopeful about the potential of XRP being listed on Robinhood, a popular American exchange known for its strict listing criteria.
While major U.S.-based exchanges like Coinbase, Gemini, and Kraken have resumed trading XRP following Ripple’s legal victory against the SEC about a year ago, Robinhood has maintained its distance from the asset despite the ruling that XRP is not a security.
Currently, Robinhood only provides real-time market data for XRP, along with over 50 other cryptocurrencies that are not allowed for trading on the platform. However, Robinhood has hinted at the possibility of adding support for buying and selling XRP as well as those 50 other tokens in the future.
The XRP community, also known as the XRP Army, is hopeful that this dream may soon become a reality with the recent announcement of Robinhood’s plan to acquire Bitstamp, a global crypto exchange that fully supports XRP.
Upon completion of the acquisition, which is expected in the first half of 2025 pending regulatory approvals, Bitstamp’s operations will be integrated into Robinhood’s platform, catering to clients across various regions.
The optimism for XRP’s potential listing on Robinhood is fueled by Bitstamp’s strong backing of the XRP Ledger, as evidenced by their issuance of stablecoins on the ledger. This technical infrastructure could pave the way for Robinhood to list tokens issued on the XRPL seamlessly.
Additionally, Bitstamp’s extensive regulatory clearances globally may provide Robinhood with the necessary support to continue offering XRP trading post-acquisition. Some community members even speculate that Robinhood may consider listing Ripple’s upcoming stablecoin, RLUSD, given Ripple’s stake in Bitstamp.
While there are differing opinions within the community, the overall sentiment remains positive about the future of XRP on Robinhood’s platform. As always, readers are advised to conduct their own research before making any investment decisions.