As a seasoned researcher with a keen interest in the dynamic world of cryptocurrencies and blockchain technology, I find the recent developments surrounding Bitstamp and Ripple intriguing. Having closely followed both companies’ trajectories, I am particularly excited about the upcoming partnerships and expansions they are planning.
In the upcoming months, cryptocurrency exchange Bitstamp intends to debut a fresh crypto derivatives trading platform. This move is in line with Bitstamp’s impending takeover by Robinhood, the well-known commission-free trading service. During the BuiltOnXRPL series, Eva Gartner, Head of Strategic Partnerships and Corporate Development at Bitstamp, shared this news. She also expressed optimism about the upcoming launch and emphasized the importance of maintaining partnership with Ripple Labs.
Ripple Corporation, which oversees the XRP Ledger (XRPL), has played a significant role as a partner for Bitstamp. In fact, last year, Ripple acquired a portion of Bitstamp previously owned by Pantera, enhancing their collaboration. As stated by Gartner, Bitstamp endorses the upcoming derivatives exchange and intends to maintain its partnership with Ripple. Since the XRP Ledger is a decentralized public blockchain platform, it has already facilitated the issuance of stablecoins.
As an analyst, I’m excited to announce that we are stepping into a new frontier with the launch of our derivatives exchange. This move comes as we recognize the growing need for seamless cross-border payments, a demand that Ripple is well-equipped to address. By expanding our platform, we aim to capture the interest of users within the cryptocurrency sphere who are keen on derivatives trading.
Bitstamp to Partner with 30 Banks, Boosts XRPL and XRP Adoption
Robinhood intends to acquire Bitstamp by early 2025, and once the deal is finalized, they aim to introduce cryptocurrency futures trading through Bitstamp. This move aims to draw in retail and institutional clients from regions such as Europe, the UK, the US, and Asia.
As a researcher, I’m excited to share that alongside the launch of a new exchange, Bitstamp is also teaming up with 30 commercial banks to extend their services. These partnerships are anticipated to accelerate the adoption of the XRPL and XRP in the future. Notably, Ripple CEO Brad Garlinghouse mentioned that the company is working on the release of the RLUSD stablecoin and deepening collaborations with banking groups like SBI Group. Such initiatives aim to establish the XRPL as a leading platform for tokenizing real-world assets (RWA), potentially boosting the value and practicality of XRP.
In essence, the trial by Bitstamp and its expanding collaboration with Ripple could significantly impact the entire cryptocurrency sector. This partnership is expected to advance the XRP Ledger and establish XRP as a crucial instrument in the global financial system.
Read More
- Hades Tier List: Fans Weigh In on the Best Characters and Their Unconventional Love Lives
- Smash or Pass: Analyzing the Hades Character Tier List Fun
- Why Final Fantasy Fans Crave the Return of Overworlds: A Dive into Nostalgia
- Sim Racing Setup Showcase: Community Reactions and Insights
- Understanding Movement Speed in Valorant: Knife vs. Abilities
- Why Destiny 2 Players Find the Pale Heart Lost Sectors Unenjoyable: A Deep Dive
- PENDLE PREDICTION. PENDLE cryptocurrency
- W PREDICTION. W cryptocurrency
- FutureNet Co-Founder Roman Ziemian Arrested in Montenegro Over $21M Theft
- How to Handle Smurfs in Valorant: A Guide from the Community
2024-09-16 22:26