Prominent figures in the XRP community are growing optimistic about the possibility of XRP being listed on U.S. exchange Robinhood, which is known for its strict listing policies.
Notably, major U.S. exchanges Coinbase, Gemini and Kraken support XRP’s trading services and relisted XRP after Ripple won a lawsuit against the SEC 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 support 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 will acquire Bitstamp and integrate Bitstamp's extensive crypto trading operations into Robinhood's platform to serve 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 tokens issued on XRPL.
Furthermore, given that Bitstamp already facilitates XRP trading, Vet suggested that Robinhood could seamlessly continue this practice.
Further boosting optimism regarding XRP and Ripple’s stablecoin listing, Bitstamp holds more than 50 active licenses and registrations around the world, providing Robinhood with ample regulatory clarity to continue supporting XRP following the acquisition.
Other community members are also optimistic about the potential of XRP listing given Ripple’s stake in Bitstamp. Anonymous community member XRP DROPZ believes that with this acquisition, Robinhood may even list Ripple’s upcoming RLUSD stablecoin.
Echoing this sentiment, the XRPL dUNL validator stressed that thanks to Bitstamp’s support for XRP Ledger, there is a strong chance that both XRP and Ripple’s stablecoin will be listed.
Meanwhile, crypto detective Mr. Huber is pessimistic. Reacting to the impending acquisition, he suggested that Robinhood might delist XRP from Bitstamp’s platform when the deal is completed.
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