Robinhoods acquisition of Bitstamp raises hopes for the XRP listing

Key Points of the Story
Robinhood’s purchase of Bitstamp for $200 million has sparked enthusiasm within the XRP community.
The support for XRP by Bitstamp could potentially lead to its availability on Robinhood.
Anticipation is growing for the potential listing of Ripple’s RLUSD stablecoin on Robinhood.
Robinhood Markets has revealed its intention to buy the popular crypto exchange Bitstamp for $200 million. The acquisition is aimed at expanding Robinhood’s services internationally, particularly in Europe and Asia, where Bitstamp already has a strong presence.
The XRP community is hopeful that this development could pave the way for XRP to be traded on Robinhood, given Bitstamp’s robust backing of the digital asset.
Robinhood’s Acquisition of Bitstamp
Robinhood is on track to acquire Bitstamp, a prominent and reputable crypto exchange, for $200 million. The acquisition is projected to be completed in the first half of 2025, pending regulatory approval and meeting standard closing requirements.
Upon finalization, Bitstamp’s extensive crypto exchange activities will be integrated into Robinhood’s platform, catering to both individual and institutional clients across various regions.
The XRP community sees potential in this move for Robinhood to list XRP for trading, given Bitstamp’s strong support for the XRP Ledger and its issuance of stablecoins for major currencies like USD, EUR, and GBP on the ledger.
Fun fact, Bitstamp already has stablecoins issued on the XRP Ledger for USD, EUR, JPY, GBP, AUD, and CHF. Robinhood now possesses the necessary technological infrastructure to list tokens issued on the XRPL.
Despite the recent clarification that XRP is not classified as a security, Robinhood has yet to include XRP in its trading options.
Possibility of Listing Ripple’s Stablecoin
There is optimism that Robinhood may also consider listing Ripple’s upcoming RLUSD stablecoin. Bitstamp’s extensive regulatory approvals, with more than 50 active licenses and registrations worldwide, could aid Robinhood in continuing XRP trading post-acquisition.
Members of the community believe that Ripple’s ownership stake in Bitstamp, along with Bitstamp’s support for the XRP Ledger, increase the likelihood of both XRP and Ripple’s stablecoin being listed on Robinhood.
Mixed Views on XRP Listing
Vet, an XRPL dUNL Validator, highlighted that Robinhood will acquire the necessary technical setup for listing XRPL tokens from Bitstamp. With Bitstamp already supporting XRP trading, Robinhood could seamlessly continue this service. Additionally, Bitstamp’s extensive licensing globally could support Robinhood in maintaining XRP trading post-acquisition.
However, not everyone shares the same optimism. Crypto investigator Mr. Huber speculates that Robinhood might delist XRP from Bitstamp’s platform following the acquisition, casting doubt on the community’s expectations.
While many view this acquisition as a positive step towards including XRP on Robinhood, some remain cautious about the possible outcome.