Impact

<ul>
 <li>Bitstamp will launch a crypto derivatives exchange, closely collaborating with Ripple, within the next few months.&nbsp;&nbsp;</li>  
 <li>Ripple and Bitstamp have strengthened ties, following Ripple’s acquisition of a stake in Bitstamp from Pantera in 2023.&nbsp;&nbsp;</li>  
 <li>Robinhood’s acquisition of Bitstamp is set for early 2025, aiming to offer crypto futures to retail and institutional clients globally.&nbsp;</li> 
</ul>  
<p>Bitstamp has revealed plans to launch a cryptocurrency derivatives exchange in the coming months. Eva Gartner, Bitstamp's Head of Strategic Partnerships and Corporate Development, made the announcement during the BuiltOnXRPL series.&nbsp;</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/RippleXDev/status/1834673531809898889
 </div>
</figure>  
<p>The exchange has been collaborating with <a href="https://ripple.com/" target="_blank" rel="noopener noreferrer nofollow">Ripple Labs</a>, the inventor of the XRP Ledger (XRPL), on cross-border payment options. Ripple bought a share in Bitstamp from Pantera Capital last year, solidifying the partnership.&nbsp;</p>  
<p>Gartner mentioned the increased need for quick, cross-border transactions enabled by Ripple's decentralized public blockchain, the XRPL, which already hosts multiple stablecoins.</p>  
<h2 class="wp-block-heading" id="h-ripple-s-impact-on-bitstamp-s-derivatives-plans"><strong>Ripple's Impact on Bitstamp's Derivatives Plans</strong></h2>  
<p><a href="https://www.bitstamp.net/" target="_blank" rel="noopener noreferrer nofollow">Bitstamp</a>'s upcoming derivatives exchange will meet this growing demand. The incorporation of Ripple technology into the platform could potentially allow users to carry out transactions with greater speed and effectiveness.&nbsp;</p>  
<p>Moreover, Ripple's collaboration could go beyond international transactions, enhancing the platform's performance in the competitive cryptocurrency derivatives sector.</p>  
<p>Bitstamp is also preparing for its <a href="https://cryptonewsland.com/robinhood-acquires-bitstamp-in-200-million-deal-amid-sec-challenges/" target="_blank" rel="noopener noreferrer nofollow">upcoming acquisition by Robinhood</a>, a commission-free trading site. The agreement, expected to be finalized in early 2025, will allow Robinhood to increase its range of cryptocurrency options.&nbsp;</p>  
<p>Robinhood plans to provide cryptocurrency futures via Bitstamp, aiming at both retail and institutional customers across various regions including the EU, UK, US, and Asia.</p>  
<h2 class="wp-block-heading" id="h-ripple-s-growing-influence-and-xrp-adoption"><strong>Ripple's Growing Influence and XRP Adoption</strong></h2>  
<p>Ripple's influence in the world of cryptocurrencies is growing steadily. Bitstamp officials revealed that 30 commercial banks are set to provide crypto services via Bitstamp, likely boosting the XRPL and XRP adoption rates.</p>  
<p>Ripple is additionally enhancing partnerships with major financial institutions, like SBI Group, and <a href="https://cryptonewsland.com/ripples-rlusd-stablecoin-set-to-launch-exclusively-for-institutions/" target="_blank" rel="noopener noreferrer nofollow">advocating for the use of XRP Ledger</a> for tokenizing real-world assets (RWA).</p>  
<p>Bitstamp collaboration with Ripple to create the crypto derivatives exchange could enhance the standing of both firms in the swiftly changing cryptocurrency market. With Ripple's ongoing collaborations and advancements in blockchain technology, the growing usage of XRPL and XRP could lead to significant adoption.</p> 
<p>The post <a href="https://cryptonewsland.com/bitstamp-to-launch-crypto-derivatives-exchange-with-ripple-partnership-could-this-trigger-xrps-breakout/" rel="noopener noreferrer nofollow">Bitstamp to Launch Crypto Derivatives Exchange with Ripple Partnership, Could This Trigger XRP’s Breakout?</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Bitstamp to Launch Crypto Derivatives Exchange with Ripple Partnership, Could This Trigger XRP’s Breakout?

Table of Contents

Crypto News Land

Other articles published on Sep 16, 2024

Coinpedia Fintech News

Pepe Cuts Rates Solana Memecoin to Surge Over 17,000% Ahead of Exchange Listings, As Shiba Inu an...

El Salvador’s President Nayib Bukele Announces Halt to Foreign Debt Using Bitcoin Strategy

Investors Learn Vital Security Lessons from Bitcoin Theft

Tether Invests $100M in Adecoagro, Securing 9.8% Stake in Agricultural Giant

Investors Shift Focus, Driving $436 Million into Crypto Funds

Join our free newsletter for daily crypto updates!