Key members of the XRP community are growing increasingly hopeful about the potential for XRP to be listed on the prestigious American exchange Robinhood, known for its stringent listing criteria. This enthusiasm comes in the wake of major U.S.-based exchanges like Coinbase, Gemini, and Kraken re-establishing support for XRP following Ripple’s legal victory against the SEC approximately a year ago. Despite this legal triumph affirming that XRP is not a security, Robinhood has thus far steered clear of the cryptocurrency.
Presently, Robinhood merely provides real-time market data for XRP, along with over 50 other cryptocurrencies that it does not currently allow for trading, such as BNB, Cardano (ADA), and Solana (SOL). The exchange has hinted at the possibility of enabling users to buy and sell XRP and these other tokens in the future.
In a surprising turn of events, the XRP community believes that the listing of XRP on Robinhood could be on the horizon sooner than anticipated with the recent announcement of Robinhood’s intention to acquire Bitstamp, a global crypto exchange with a strong backing of XRP. The acquisition is set to integrate Bitstamp’s robust exchange operations into Robinhood’s platform, catering to clients across the U.K., U.S., E.U., and Asia, with expected completion in the first half of 2025, subject to standard closing conditions and regulatory approvals.
A significant factor fueling optimism about XRP’s listing on Robinhood post-acquisition is Bitstamp’s notable support for the XRP Ledger, exemplified by the issuance of stablecoins for various fiat currencies on the ledger. Noteworthy community members, including Vet, a prominent XRPL dUNL Validator, have underscored the potential for Robinhood to seamlessly integrate XRP trading given Bitstamp’s established infrastructure.
Moreover, Bitstamp’s acquisition by Robinhood is seen as providing the necessary regulatory framework for XRP’s continued support on the platform, with the added possibility of listing Ripple’s forthcoming RLUSD stablecoin. While some, like crypto sleuth Mr. Huber, express caution and speculate about potential delisting of XRP post-acquisition, overall sentiments in the XRP community lean towards a positive outlook for the listing of both XRP and Ripple’s stablecoin on Robinhood.
It is important to note that this content serves as information and not financial advice. The opinions expressed in this article are solely those of the author and do not necessarily reflect The Crypto Basic’s views. Readers are advised to conduct thorough research before making any investment decisions, as The Crypto Basic holds no responsibility for any financial losses.
