Bitstamp to Launch New Crypto Derivatives Exchange Amid Robinhood Acquisition
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Crypto exchange Bitstamp is gearing up to launch a new crypto derivatives platform within the coming months.
The exchange, which is set to be acquired by the commission-free trading app Robinhood, plans to collaborate closely with Ripple on this initiative.
According to Eva Gartner, Bitstamp’s Head of Strategic Partnerships and Corporate Development, the upcoming derivatives exchange is a major focus for the company. Gartner emphasized the excitement surrounding this project and the intention to work closely with Ripple, which has previously invested in Bitstamp.
Bitstamp’s move to launch this new exchange aligns with its increasing focus on leveraging Ripple’s XRP Ledger for efficient cross-border payments. The platform already supports several stablecoins on the XRP Ledger.
Robinhood’s acquisition of Bitstamp is slated for early 2025, with expectations that Robinhood will integrate crypto futures trading through Bitstamp, aiming to attract both retail and institutional clients across Europe, the UK, the US, and Asia.
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