Robinhood has added XRP, signaling a potential market shift.

U.S. users have seemingly been left out as XRP remains unavailable.

XRP’s future has remained tied to ongoing regulatory uncertainty.

Robinhood, the popular commission-free brokerage, appears to have quietly added XRP to its list of supported cryptocurrencies, signaling a potential shift in the coin’s market visibility. While the brokerage has not officially confirmed the addition, XRP is now featured on Robinhood’s updated assets page alongside other major digital currencies. 

This listing comes with a key limitation: it is currently only available to users in the European Union. The inclusion of the token on Robinhood is a noteworthy development for the cryptocurrency community, especially given the regulatory challenges Ripple Labs and XRP have faced in recent years. 

Is XRP Ready for a Robinhood Listing?

Speculation about XRP’s potential listing gained traction after Robinhood acquired Bitstamp, a platform that supports the token for trading. Many saw the acquisition as a strategic move that would open the door for Robinhood to offer XRP, but the legal battle between Ripple Labs and the U.S. SEC had long been a roadblock. Sponsored

That legal uncertainty was partly resolved when a court ordered Ripple Labs to pay $125 million in fines, clearing some of the hurdles that had kept the token off major exchanges. The conclusion of the case has had a positive effect on XRP’s market performance, with the coin seeing a 1.3% increase in value over the past 24 hours, trading at $0.588. 

XRP’s Positive Growth Amidst SEC Settlement

This makes XRP the only cryptocurrency among the top 10 to post positive growth during this period. The tokens previous delistings from many U.S.-based exchanges were largely due to concerns about regulatory compliance amid the SEC’s lawsuit. 

Now that the case is settled, there is growing anticipation that more platforms, particularly in the U.S., will begin supporting the cryptocurrency once again. Robinhood’s addition of XRP, despite geographic limits, marks a key step in expanding its accessibility and market presence.

On the Flipside

Despite the listing, XRP remains inaccessible to a large portion of Robinhood’s user base, especially in the United States.

Despite the SEC lawsuit’s settlement, the broader regulatory outlook for cryptocurrencies like XRP remains uncertain, affecting future listings and trading.

Why This Matters

The Robinhood listing of the token, while currently limited to the EU, signifies a potential turning point for the cryptocurrency. The listing not only expands their accessibility but also underscores a growing trend of mainstream financial platforms embracing digital assets. Suggesting a shift in the overall crypto market landscape.

To learn more about the impact of Ripple’s XRPL technology on Bitstamp’s new derivatives exchange, read here:Ripple’s XRPL Set to Boost Bitstamp’s New Derivatives ExchangeTo learn more about the recent developments in the SEC lawsuit against Ripple and its implications for the token, read here:XRP Lawsuit: SEC Hints at No Appeal, Ripple Remains Optimistic

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