Bitstamp, a major player in the European cryptocurrency market, has strategically announced the listing of the XDC Network token XDC against fiats USD and EUR.
- WBOYOriginal
- 2024-08-10 21:14:12654browse
This strategic move, coming just a month after Robinhood acquired Bitstamp for $200 million, suggests a carefully planned listing.
Major European cryptocurrency exchange Bitstamp has strategically announced the listing of XDC Network token (XDC) against fiats USD and EUR. Coming just a month after the acquisition of Bitstamp by Robinhood for $200 million, this move suggests a carefully planned listing.
The acquisition of Bitstamp by leading U.S.-based financial services company Robinhood was a significant event in the cryptocurrency industry, marking the entry of a major player in the European market.
Veteran crypto exchange Bitstamp shares details of XDC listing
According to an official announcement shared by cryptocurrency exchange Bitstamp, which was recently acquired by Robinhood, the XDC token, an asset of XDC Network, has been added to the list of assets supported in the crypto-to-fiat module.
This summer, discover new opportunities with Bitstamp! You can start by exploring #XDC (@XinFin_Official), which we just added to our asset list. XDC brings unique features like enhanced security, scalability, and decentralization.
Trade XDC today: https://t.co/qamXzG6nk8 pic.twitter.com/bQndJ3nb3q
The listing of the XDC token on Bitstamp is part of Robinhood's swift move to increase its involvement in tokens with real utility within the global cryptocurrency sector. The acquisition of Bitstamp was finalized hardly a month ago, but adding XDC Network was a quick and decisive action — it is consistent with Robinhood's intention to utilize the well-established platform of Bitstamp to bring new and attractive 21st-century assets to wider audiences.
Deutsche Telekom recently joined RWA-focused XDC as an infrastructure provider, while Mercado Bitcoin (MB) launched a pilot to enable trading of fixed-income RWA (real-world asset) tokens backed by Brazilian corporate debt securities on the international market.
XDC Network is supported by BlackRock-backed Securitize for tokenization, along with three other public blockchains: Ethereum, Polygon and Avalanche. XDC Network established a joint unit with Japan's SBI Group, SBI XDC Network APAC, to develop and deploy innovative solutions provided by XDC Network. They have completed the Interbusiness Settlement PoC (proof of concept) with R3 Corda, which brings more real-world utility to the network.
Robinhood bets big on crypto in Europe
The exposure is expected to benefit significantly from XDC Network, which has an energy-efficient blockchain infrastructure for trade finance and global payments. With their user base and reputation for reliability, XDC tokens are expected to attract a whole new class of investors interested in real-life applications of blockchain technology.
For Robinhood, this move underscores the company's broader strategy of diversifying its crypto offerings and solidifying its position as a leading player in the European market. The acquisition of Bitstamp, one of Europe's oldest and most trusted crypto exchanges, was seen as a bold move by Robinhood to expand its footprint in the region. Now, with the XDC token listing, it is clear that Robinhood is wasting no time capitalizing on this acquisition.
European crypto exchange set to integrate XDC in a new fiat pair listing. What does this mean for the network? A lot, actually.
A new fiat pair listing has been integrated by Bitstamp, one of the oldest cryptocurrency exchanges in Europe, and it features none other than the XDC token from XDC Network. This integration marks the beginning of a new chapter in the network's growth and expansion.
The listing of XDC/USD and XDC/EUR fiat pairs on Bitstamp is now live, making it easier than ever before for users to acquire XDC tokens. Together with the European region, tier 1 and tier 2 exchanges extend support for acquiring XDC tokens.
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