According to rumors, the Robinhood Crypto exchange is planning to list XRP coins again.
Robinhood is a stock and crypto trading platform. This is a publicly traded company and was initially developed for stock trading, but later the company expanded its services to the crypto sector and made huge profits. After Coinbase, Robinhood is the number one choice among US crypto investors.
As we know, a month ago, the judge ruled that the XRP coin was not a security and with that court ruling, the Ripple labs won a partial victory in the case. Following the court ruling, US crypto exchange Coinbase has relaunched the XRP coin after 2.5 years.
Recently, many people said that the Robinhood exchange is planning to re-market the XRP coin as the current legal status favors the nature of the XRP coin.
A few popular tweets claimed that insiders confirmed that Robinhood will relaunch the XRP coin before the end of this year.
However, no official information came from the Robinhood exchange, but some people claimed that Robinhood has full legal authority to offer securities trading. So Robinhood can list XRP in the securities market just like stocks. However, it is just a speculation, but we cannot deny the fact.
Few XRP coin aficionados said that if rumors become reality, the XRP coin will follow a major rally pattern, but here we must remember that Robinhood always remains selective to place new tokens on the platform.
It is worth noting that recent years have shown Robinhood executives supporting existing traditional financial rules and regulations to run the crypto business. To comply with the rules, they only listed certain numbers of crypto assets on the exchange.
Just a few months ago, following the SEC’s lawsuit against the BinanceUS & Coinbase exchange, Robinhood delisted a dozen crypto assets, which were listed as unregistered collateral in the lawsuits.
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