Robinhood Acquisition Of Bitstamp Sparks Optimism About the Listing of XRP 

The post Robinhood Acquisition Of Bitstamp Sparks Optimism About the Listing of XRP  appeared first on Coinpedia Fintech News

Robinhood Markets has announced its plan to acquire the well-known crypto exchange Bitstamp for $200 million. This acquisition aims to enhance Robinhood’s services outside the United States, particularly in Europe and Asia, where Bitstamp has a strong foothold.

Meanwhile, the XRP community is optimistic that this move could lead to Robinhood listing XRP for trading, given Bitstamp’s strong support for XRP.

Robinhood is set to acquire Bitstamp, one of the largest and most respected crypto exchanges, for $200 million. The acquisition is expected to be finalized in the first half of 2025, pending regulatory approval and fulfillment of standard closing conditions. 

The acquisition will see Bitstamp’s extensive crypto exchange operations integrated into Robinhood’s platform, servicing both retail and institutional clients across multiple regions.  

The XRP community is hopeful that this move might lead to Robinhood listing XRP for trading, given Bitstamp’s strong support for the XRP Ledger and its issuance of stablecoins for currencies like USD, EUR, and GBP on the ledger.

Interesting fact, Bitstamp has the following stablecoins already issued on the XRP Ledger

– USD
– EUR
– JPY
– GBP
– AUD
– CHF

Robinhood now also has the tech infrastructure to list XRPL issued tokens. https://t.co/eAUlC9A8ui pic.twitter.com/kFJHtum4cv