Key figures within the XRP community are growing increasingly hopeful about the potential of XRP being listed on the prestigious American exchange, Robinhood, known for its stringent listing criteria.
Major U.S.-based exchanges such as Coinbase, Gemini, and Kraken have reinstated trading services for XRP following Ripple’s legal victory against the SEC approximately a year ago. Despite the ruling that XRP is not a security, Robinhood has maintained its distance from the cryptocurrency.
Currently, Robinhood only provides real-time market data for XRP. This service is extended to more than 50 cryptocurrencies that are not permitted for trading on the platform, including BNB, Cardano (ADA), and Solana (SOL). Robinhood has left the door open for potentially enabling the buying and selling of XRP and the other 50 tokens in the future.
The XRP community, also known as the XRP Army, anticipates that the day of XRP’s listing on Robinhood is drawing near, especially with the recent announcement of Robinhood’s intention to acquire Bitstamp, a global crypto exchange that fully supports XRP.
According to the formal announcement, the acquisition of Bitstamp by Robinhood will merge Bitstamp’s extensive crypto exchange operations into Robinhood’s platform, catering to both retail and institutional clients in the U.K., U.S., E.U., and Asia.
The acquisition is anticipated to be finalized in the first half of 2025, pending standard closing conditions and regulatory approvals. Bitstamp’s robust backing of the XRP Ledger is a key argument supporting the potential listing of XRP on Robinhood post-acquisition.
Vet, a prominent XRPL dUNL Validator, highlighted this fact in the wake of the acquisition news, pointing out that Robinhood will inherit the necessary technical infrastructure to list tokens issued on the XRPL. With Bitstamp already facilitating XRP trading, Vet suggested that Robinhood could seamlessly continue the practice.
Additionally, Bitstamp’s possession of over 50 active licenses and registrations worldwide could provide Robinhood with the regulatory clearance needed to continue supporting XRP after the acquisition. Community members are also optimistic about the prospect of XRP being listed on Robinhood due to Ripple’s stake in Bitstamp.
One community member, XRP DROPZ, speculated that with the acquisition, Robinhood might even list Ripple’s upcoming RLUSD stablecoin. The sentiment was echoed by the XRPL dUNL Validator, emphasizing the strong possibility of both XRP and Ripple’s stablecoin being listed, given Bitstamp’s support for the XRP Ledger.
Contrarily, crypto investigator Mr. Huber expressed less optimism, suggesting that Robinhood might delist XRP from Bitstamp’s platform post-acquisition.
Please note that this information is for educational purposes only and should not be construed as financial advice. The opinions expressed in this article are personal and do not necessarily reflect the views of The Crypto Basic. It is advisable for readers to conduct thorough research before making any investment decisions, as The Crypto Basic is not liable for any financial losses incurred.
