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The cryptocurrency exchange known as Bitstamp, which is going to be acquired by the trading software known as Robinhood, intends to work closely with Ripple on this endeavor.
A significant amount of attention is being paid by Bitstamp to the forthcoming derivatives exchange, as stated by Eva Gartner, who serves as the Head of Strategic Partnerships and Corporate Development respectively. Gartner underscored the excitement that is surrounding this initiative as well as the aim to collaborate closely with Ripple, which has done so in the past with Bitstamp.
This new exchange is being launched by Bitstamp in accordance with the company's growing emphasis on utilizing Ripple's XRP Ledger for the purpose of making international payments more efficient. Several stablecoins using the XRP Ledger are already supported by the platform.
The acquisition of Bitstamp by Robinhood is scheduled to take place at the beginning of 2025. It is anticipated that Robinhood will incorporate cryptocurrency futures trading through Bitstamp, with the objective of attracting retail and institutional customers through the regions of Europe, the United Kingdom, the United States, and Asia.