Bitstamp Teasing Major XRP Announcement

Main European digital asset change Bitstamp, the primary change to delist XRP following the Ripple lawsuit in December 2020, is now preparing to make a big announcement concerning the cryptocurrency.

The information comes after a interval of renewed curiosity in XRP following the optimistic court docket ruling towards the Securities and Trade Fee (SEC).

The controversial ruling has led to XRP being relisted on a number of different exchanges, together with Bitstamp, Coinbase and Kraken.

As reported by U.Today, Ripple Labs, the corporate behind XRP, acquired a minority stake in Bitstamp. This improvement, reported by blockchain funding agency Galaxy Digital, is a part of Ripple’s broader technique of accelerating its presence in digital asset exchanges. Ripple Labs bought its stake from crypto-focused hedge fund Pantera Capital.

Earlier this yr, Bitstamp expanded its companies associated to XRP. The change introduced its help for Euro-backed IOUs on the XRP Ledger, marking a step ahead in its dedication to utilizing XRP for worldwide transactions. This transfer was accompanied by a promotion providing zero switch charges on all IOU transfers from Jan. 26 to March 27, encouraging Bitstamp customers to leverage this new performance.

Given this collection of developments, Bitstamp’s upcoming announcement regarding XRP is eagerly anticipated by the XRP group. It’s unsure what the specifics of the announcement can be, however it’s clear that Bitstamp’s relationship with XRP has advanced considerably since its resolution to delist the cryptocurrency in late 2020.