Deniz 
Leading the cryptocurrency payments scene, Ripple made news for selling its Bitstamp and Tranglo interests, as recorded on Crunchbase. The decision by Ripple might have been influenced by Robinhood’s recent $200 million acquisition of Bitstamp. This differs from Ripple’s past approach since it bought Bitstamp to increase its global presence outside of conventional payment methods.
Many also found it shocking that Ripple’s leaving Tranglo. Ripple keeps a 40% share in the cross-border payment platform, which uses XRP for liquidity, even with the divestiture, and lists Tranglo as a partner. This has prompted professionals like Crypto Eri to demand more transparency on the particulars of this departure.
The market reaction of XRP to these major developments was rather subdued. Trading around $0.532, bitcoin enjoyed a small 2% price rise. Still, after recent profit-taking, trade volume dropped noticeably by 45%. Fascinatingly, the overall open interest in XRP futures showed a little rise, suggesting a cautiously positive investor perspective.
The fintech community has paid close attention to this choice to sell shares, and worries about Ripple’s future approach have been generated. Although the company’s significant Bitcoin holdings have been beneficial, these latest actions point to a possible change in emphasis or a response to the changing environment of markets.
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