Bitstamp’s moonshot post sparks optimism about a potential XRP listing on Robinhood following the plan to acquire the exchange.
Recently, Bitstamp, the world’s longest-running crypto exchange, stirred bullish interest in the XRP community by hinting at a moonshot for the asset. Specifically, the exchange shared a post of XRP on the moon, reliving optimism among the XRP Army.
The post suggests in a lighthearted tone that XRP could engineer an astronomical price surge, a long-standing aspiration of the XRP community.
I took this picture of the moon last night 😌 $XRP pic.twitter.com/gAQScc7qf4
— Bitstamp (@Bitstamp) July 8, 2024
XRP Army Reacts
Expectedly, the community reacted with excitement, with some pondering whether a major announcement was around the corner that could facilitate the hinted moon rally.
Edo Farina, Head of Social Adoption at XRP Healthcare, expressed the bullish sentiment that XRP heading for the moon is too conservative. “The moon is too close; XRP is going to Saturn,” Farina remarked.
Meanwhile, community commentator Chad Steingraber linked Bitstamp’s XRP moonshot post to the recently announced move by prominent American exchange Robinhood to acquire Bitstamp.
Is Robinhood Listing Coming?
Steingraber cited a portion of the announcement stating that acquiring Bitstamp would enable Robinhood to expand its crypto business offering.
Last year, major exchanges such as Coinbase, Bitstamp, Gemini, and Kraken reinstated XRP trading for U.S. users after a federal judge ruled that XRP is not a security.
However, Robinhood, well-known for its strict policies, maintained its distance from XRP; the judgment was insufficient for it to consider listing XRP. The exchange only provides real-time market data for XRP.
Meanwhile, last month, Robinhood entered an agreement to take over Bitstamp in a deal set finalize in early 2025. Once complete, the acquisition will integrate Bitstamp’s crypto exchange operations into Robinhood’s platform, allowing it to serve clients in the U.S., E.U., U.K., and Asia.
A significant implication of Robinhood’s acquisition of Bitstamp is that it could pave the way for XRP’s listing on its crypto platform. Notably, Bitstamp has robust technical support for XRP Ledger, meaning Robinhood will inherit infrastructure to list XRPL-issued tokens like XRP.
As a result, XRP community members are optimistic that XRP could start trading on Robinhood after fully acquiring Bitstamp.
However, not everyone shares the optimism about XRP’s potential listing on Robinhood. Crypto analyst Mr. Huber has expressed a more cautious view, suggesting that Robinhood might instead delist XRP from Bitstamp’s platform once the acquisition is complete.