Advertisement
AD

Main navigation

Advertisement

Bitstamp Teasing Major XRP Announcement

Advertisement
Thu, 3/08/2023 - 9:29
A
A
A
Bitstamp Teasing Major XRP Announcement
Cover image via www.freepik.com
Read U.TODAY on
Google News

Leading European digital asset exchange Bitstamp, the first exchange to delist XRP following the Ripple lawsuit in December 2020, is now preparing to make a significant announcement regarding the cryptocurrency.

Advertisement

The news comes after a period of renewed interest in XRP following the positive court ruling against the Securities and Exchange Commission (SEC).

The controversial ruling has led to XRP being relisted on several other exchanges, including Bitstamp, Coinbase and Kraken.

As reported by U.Today, Ripple Labs, the company behind XRP, acquired a minority stake in Bitstamp. This development, reported by blockchain investment firm Galaxy Digital, is part of Ripple's broader strategy of increasing its presence in digital asset exchanges. Ripple Labs purchased its stake from crypto-focused hedge fund Pantera Capital.

Advertisement

Related

Earlier this year, Bitstamp expanded its services related to XRP. The exchange announced its support for Euro-backed IOUs on the XRP Ledger, marking a step forward in its commitment to using XRP for international transactions. This move was accompanied by a promotion offering zero transfer fees on all IOU transfers from Jan. 26 to March 27, encouraging Bitstamp users to leverage this new functionality.

Given this series of developments, Bitstamp's upcoming announcement concerning XRP is eagerly anticipated by the XRP community. It is uncertain what the specifics of the announcement will be, but it is clear that Bitstamp's relationship with XRP has evolved significantly since its decision to delist the cryptocurrency in late 2020.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

A
A
A

Related articles

Advertisement
TopCryptoNewsinYourMailboxSubscribe
TopCryptoNewsinYourMailboxSubscribe
Advertisement
Advertisement
Last updated: Just now
USD Vol: $ 7.31 B
Mkt Cap: $ 2,025.79 B
All Vol: $ 64.24 B
Subscribe to daily newsletter

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD