Key players within the XRP community are growing increasingly hopeful about the potential for XRP to be listed on the well-known American exchange Robinhood, which is known for its stringent listing criteria.
While major U.S.-based exchanges like Coinbase, Gemini, and Kraken have resumed trading services for XRP following Ripple’s legal victory against the SEC about a year ago, affirming that XRP is not a security, Robinhood has so far refrained from engaging with XRP.
Presently, Robinhood solely offers real-time market data for XRP, as well as for more than 50 other cryptocurrencies that are not approved for trading on the platform, such as BNB, Cardano (ADA), and Solana (SOL). However, Robinhood has hinted at the possibility of enabling the buying and selling of XRP and these additional tokens in the future.
The XRP community, known as the XRP Army, is optimistic that this long-awaited development is on the horizon, especially with the recent announcement that Robinhood intends to acquire Bitstamp, a global crypto exchange with strong support for XRP.
Through this acquisition, Robinhood plans to integrate Bitstamp’s vast crypto exchange services into its platform, catering to clients in the U.K., U.S., E.U., and Asia. The deal is anticipated to be finalized in the first half of 2025, subject to regulatory approvals and standard closing conditions.
The potential for XRP to be listed on Robinhood post-acquisition is bolstered by Bitstamp’s robust backing of the XRP Ledger, evidenced by its issuance of stablecoins for major fiat currencies on the ledger. The integration of Bitstamp’s technical infrastructure is expected to facilitate the listing of tokens issued on the XRPL on Robinhood.
Furthermore, with Bitstamp’s extensive regulatory clearances worldwide and Ripple’s stake in the exchange, there is optimism within the community that both XRP and Ripple’s upcoming RLUSD stablecoin could be listed on Robinhood. However, some skeptics, like crypto sleuth Mr. Huber, caution that Robinhood may opt to delist XRP from Bitstamp’s platform following the acquisition.
It is important to note that this content serves as informative and should not be construed as financial advice. The opinions expressed are personal and do not necessarily reflect those of The Crypto Basic. Readers are advised to conduct their own research before making any investment decisions, as The Crypto Basic holds no responsibility for financial losses.
