Robinhood Adds XLM To Crypto Transfers, Is XRP the Next Addition?

Is XRP the Next Big Addition to Robinhood Crypto Transfers After XLM?

Robinhood Crypto EU has added Stellar (XLM) to its crypto transfer service for European users. While XLM experienced a slight price drop, derivatives buying increased. Speculation is growing around the potential addition of XRP to the platform.

What's the News?

On October 23, 2024, Robinhood Crypto EU announced that Stellar (XLM) is now among the cryptocurrencies supported for transfers on its platform. Users in the European region can now withdraw and deposit XLM, benefiting from a 1% deposit bonus for a limited time. 

This addition brings the total number of cryptocurrencies available for transfers to over 25, including Bitcoin, Ethereum, Solana, and USDC. The platform offers users control over their assets, security through crime insurance, and access to educational programs.

This announcement came shortly after the addition of Solana (SOL) to Robinhood's crypto transfers, amid growing excitement around the upcoming Solana ETF launch. 

Similarly, the crypto community is buzzing with speculation about a possible XRP ETF launch, which could lead to the inclusion of Ripple’s XRP in Robinhood’s transfer service. 

Currently, XRP is available for trading only on Robinhood's EU platform, but it remains excluded from the crypto transfers feature. Despite the positive news, Stellar's (XLM) price did not see an immediate rebound. 

Robinhood’s move to expand its crypto transfer options aligns with its mission to simplify self-custody and provide easier access to decentralized finance (DeFi) for European customers. As speculation mounts about the potential addition of XRP to the service, traders and investors are watching closely for future updates.

Conclusion 

Robinhood Crypto inclusion of XLM in its transfer service signals expansion, although the price of XLM continues to dip. With XRP being a likely candidate for future inclusion, Robinhood’s efforts to enhance crypto access in Europe are closely monitored.