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Bitstamp, one of the oldest cryptocurrency exchanges in the world, had an exciting launch for XRP. A post shared by the stock exchange’s official X account said that XRP will make history in 2025.
Although no details have been given on the subject, it is known that Bitstamp is working on opening a leveraged trading platform and it is claimed that this platform will be based on the XRP ledger. Additionally, Bitstamp entered into a $200 million acquisition deal with American brokerage firm Robin Hood last June. The acquisition will be completed in the first half of 2025. Considering that Robinhood was one of the first exchanges to list XRP after the US election, it comes to mind that the plans could extend beyond the derivatives trading platform.
In addition, Ripple officially launched the stablecoin RLUSD, which it recently released as a competitor to USDT and USDC. The cryptocurrency is available on half a dozen exchanges and will soon be listed on Bitstamp.
On the other hand, XRP’s ETF decision is earlier. The US Securities and Exchange Commission (SEC) is expected to approve XRP ETFs next year. Analysts believe that this development will have a positive impact on the XRP price, as it has in Bitcoin.
On the one hand, Ripple is preparing for the day when Donald Trump becomes president. Trump will take over from Joe Biden on January 20. Ripple, on the other hand, pledged to donate $5 million of XRP to Trump’s inaugural committee.
After all, XRP has already had a great year. The cryptocurrency, which opened at $0.61 in 2023, is trading at $2.31 today, a 280 percent gain.
Disclaimer: What is written here is not investment advice. Every investment decision is at the individual’s own risk. Uzmancoin and the author of this content cannot be held responsible for personal investment decisions.
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