Prominent figures in the XRP community have become increasingly optimistic about the possibility of XRP being listed on U.S. exchange Robinhood, which is known for its strict listing policies.
Notably, leading U.S. exchanges like Coinbase, Gemini, and Kraken support XRP’s trading services, having relisted XRP after Ripple won a lawsuit against the U.S. Securities and Exchange Commission about a year ago. Despite the ruling that XRP is not a security, Robinhood continues to distance itself from XRP.
Currently, Robinhood only supports real-time market data for XRP. The service is available for more than 50 crypto assets that the exchange does not approve for trading, including BNB, Cardano (ADA), and Solana (SOL). Robinhood said it may add support for buying and selling XRP and 50 other tokens in the future.
Meanwhile, the XRP army believes that day is now closer than expected as Robinhood announced plans to acquire Bitstamp, a global crypto exchange that supports XRP.
According to the official notice, Robinhood’s acquisition of Bitstamp will integrate Bitstamp’s extensive crypto trading operations into Robinhood’s platform, serving retail and institutional customers in the UK, US, EU, and Asia.
The transaction is expected to close in the first half of 2025, subject to satisfaction of standard closing conditions and receipt of necessary regulatory approvals.
Notably, arguments supporting XRP’s potential listing on Robinhood following this acquisition include Bitstamp’s strong support for XRP Ledger. For example, Bitstamp has issued stablecoins in USD, EUR, JPY, GBP, AUD, and CHF on the XRP Ledger.
XRPL dUNL validator Vet highlighted this following the acquisition news. He noted that Robinhood will inherit the technical infrastructure needed to list the XRPL token.
Furthermore, given that Bitstamp already facilitates XRP trading, Vet suggested that Robinhood could seamlessly continue this practice.
Optimism about XRP and Ripple’s stablecoin listing
Additionally, Bitstamp holds more than 50 active licenses and registrations around the world, providing Robinhood with enough regulatory clarity to continue supporting XRP after the acquisition.
Other community members are also optimistic about the potential of Ripple’s stake in Bitstamp to get XRP listed. Anonymous community member XRP DROPZ believes that through the acquisition, Robinhood may even list Ripple’s upcoming RLUSD stablecoin.
Echoing this sentiment, the XRPL dUNL validator stressed that due to Bitstamp’s support for XRP Ledger, there is a great chance that both XRP and Ripple’s stablecoin will be listed.
Meanwhile, crypto detective Mr. Huber is more pessimistic. Reacting to the impending acquisition, he said Robinhood may delist XRP from Bitstamp’s platform if the deal goes through.
Disclaimer: This content is for informational purposes only and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the views of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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