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HomeCrypto NewsMarketBitstamp to Announce Something Big For XRP

Bitstamp to Announce Something Big For XRP


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Leading cryptocurrency exchange Bitstamp is planning to make a significant announcement for XRP. 

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Bitstamp, a Luxembourg-based cryptocurrency exchange, has indicated plans to make a major announcement for XRP later today. 

Bitstamp Teases Major Announcement for XRP

The leading crypto exchange posted a tweet with the caption “tomorrow.” It added several XRP-related hashtags, including XRP Ledger (XRPL). 

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Interestingly, Bitstamp also attached a short video clip to the tweet, highlighting the exchange’s plans to take XRP to the next level. The video also displayed an XRP rocket making an upward movement. 

This suggests that the announcement, once unveiled, could propel the price of XRP to spike tremendously. Meanwhile, Bitstamp did not drop further hints on what XRP community members should expect. 

XRP Enthusiasts Guess

However, XRP enthusiasts have taken to the comment section to guess what the announcement is about. 

Commenting on the development, Panos, the founder of Digital Generation Finance, speculated that Bitstamp may be planning to announce a full XRPL integration. 

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He added that the exchange could announce that DEX has been connected to its order book, with on/off fiat ramps focusing on payments. 

Prominent XRP enthusiast and Bitrue Ambassador XRPcryptowolf also suggested that the cryptocurrency exchange could be planning to integrate XRPL into its platform. 

Meanwhile, a fan of XRP named wEeZiE pointed out that Bitstamp has served as the gateway for facilitating access to the Ripple network. 

He, however, suggested that the announcement could be related to Ripple’s minority stake acquisition in Bitstamp. 

wEeZiE recounted Ripple president Monica Long’s remark about the company’s recent stake acquisition in Bitstamp. Recall that in May, Ripple acquired a minority stake in Bitstamp to expand its operations. 

According to wEeZiE, Long said the acquisition would bolster Ripple’s international presence and diversify its offerings beyond payments. 

Bitstamp’s Relationship With Ripple 

It is worth noting that Bitstamp has served as a major gateway for Ripple, granting clients entry into RippleNet. Bitstamp is a long-standing partner for Ripple’s On-Demand Liquidity (ODL). 

Ripple and other whales have moved huge amounts of XRP to and from Bitstamp for ODL-related purposes. As reported in June, Ripple moved 23 million XRP coins to Bitstamp. 

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

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