- Robinhood expands crypto offerings for NY users with UNI, XLM, and XTZ, fueling speculation of an XRP listing.
- XRP gains attention as legal clarity and EU debut hint at a possible U.S. listing on Robinhood.
Robinhood, the popular commission-free trading platform, has announced the addition of three new cryptocurrencies for its New York-based users: Uniswap (UNI), Stellar (XLM), and Tezos (XTZ). Previously, Robinhood’s relisting of XRP was considered a major vote of confidence in the cryptocurrency’s future, as CNF highlighted.
This current move reflects Robinhood’s continued expansion into the digital assets space. The platform’s recent focus on offering more crypto options has generated significant market interest, with speculation growing that XRP could be the next asset added for New York users.
Potential XRP Listing and Market Impact
Robinhood’s announcement has sparked discussions within the crypto community, particularly regarding how the addition of these assets might influence market sentiment. Historically, when platforms like Robinhood or major exchanges list new cryptocurrencies, it often boosts the assets’ prices due to increased visibility and investor access.
Although there has been no official word on adding XRP, the speculation stems from Robinhood’s recent support of XRP for EU users, as seen on its website. Additionally, the legal clarity following the Ripple vs. SEC lawsuit has fueled optimism that XRP could soon be available to U.S. traders on Robinhood. Investors are closely watching for any signs of an official listing.
Currently, prices of UNI, XLM, and XTZ have shown mixed responses, with UNI seeing a slight increase, while XLM and XTZ remain relatively flat.
XRP, too, has experienced a minor decline but continues to garner attention as rumors of its potential listing swirl. According to CoinMarketCap data today, Ripple (XRP) is trading at $0.5912, having surged by 1.25% in the past day and 1.93% over the past week. See XRP Price chart below.
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