Published: Sep 14, 2024
Duration: 00:03:21
Category: People & Blogs
Trending searches: xrp
welcome to the jwk show we talk about crypto and we keep things short and concise in one of our videos from yesterday we made a mistake with the Robin Hood announcement we have Robin Hood listing xrp on their exchange we said that xrp was not available to be traded but this is a mistake but xrp is actually tradable on the rined exchange for EU users only so as of now European users can trade xrp on one of the biggest exchanges out there which is huge but as of now us users have no access to trading xrp but they can trade all sorts of other cryptocurrencies such as xlm the counterpart of xrp Doge Bitcoin eth and so on but this is a big indication that with EU users able to trade xrp eventually we will see xrp availably to be traded by us users as well again Robin Hood is one of the biggest crypto exchanges and Robin Hood is actually connected to Ripple we have Ripple acquiring a 133% acquisition in the bit stamp and we have Robin Hood just acquiring all of bit stamps so we have a connection Rebel apart of the Robin Hood ecosystem and as confirmed by Robin Hood CEO with the acquisition of bitand we have Robin Hood having access to institutional clients so this means that we will see Robin Hood working with institutions Banks and so on and we just had bin stamp making making a massive massive announcement as well and that is launching their own derivatives Exchange in the next few months and they're working with ripple to do that so that is just absolutely massive as the derivatives Market is over a 1 quadrillion markets bigger than the Commodities markets marked at $300 trillion so if we see xrp facilitating the derivatives market then we will see xrp hitting the 11,360 Mark just ass set by Arthur brido we have Arthur brdo one of the founders of The xrp Ledger talking about a $10,000 xrp and again guys bitstamp is working closely with ripple to achieve this which means that we have Robin Hood bitstamp and ripple all come together tackling these derivatives markets and taking a majority of the market share these are all of the banks that have derivatives we have JP Morgan as the number one bank with the most derivatives then we have Goldman Sachs City Bank Bank of America Wills Fargo HSBC Bank and so on and we will see most of these Banks if not all these Banks using xrp to facilitate the derives markets and if JP Morgan alone uses xrp for their derivatives that is a $57 trillion market cap for xrp sending xrp to the 4digit Mark we have a new tweet from uphold as well another crypto exchange Ripple partner and they have said grayscale has announced the launch of the first US xrp trust do you think this move will pay pay the way for future spot ETF we should see an xrp ETF next leading to a new alltime high as we have all of the banks institutions BlackRock buying up the xrp supply a supply shock and xrp going up even higher that's it for the video hope you guys enjoyed and I'll see you guys in the next one