Ripple Buys Bitstamp Shares


Ripple, whose case with the SEC is expected to conclude this year, has added a new one to its acquisitions. It was stated that Ripple, which acquired crypto custody company Metaco last week, has acquired Bitstamp shares. It was noted that Ripple acquired shares in the investment company Pantera Capital. XRP issuing leading crypto firm Ripple has acquired Bitstamp shares after Metaco. The company’s latest move signaled that its growth and expansion steps will continue. Ripple’s Bitstamp move was revealed in the latest quarterly report from crypto financial services firm Galaxy Digital. According to the report, Galaxy Digital advised Pantera to sell Bitstamp shares to Ripple in the first quarter of the year. According to information shared by a Twitter account named WrathofKahneman, Ripple’s Bitstamp move does not qualify as a purchase. The exact reason for the sale also remains unclear. Pantera invested $10 million in the Bitstamp exchange in 2013. It was stated that Ripple may have taken steps in line with the Liquidity Center (LH) or On-Demand Liquidity (ODL) plans. Bitstamp expanded its services on XRP Ledger with EUR support in January. The company bought Swiss-based crypto custodian Metaco for $250 million last week. The company had announced that it plans to allow customers to keep their funds on the platform. Ripple CEO Brad Garlinghouse announced that he has up to $1 billion in reserves within the framework of the expansion plan. The company also launched a CBDC platform. This news has been prepared in cooperation with Chip Online and BTCHaber.


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