Ripple Buys Bitstamp Shares

in SteemitCryptoAcademy • last year

The company behind XRP, Ripple, buys Bitstamp Shares. Ripple is still working pending a decision in the XRP case against the SEC, expected in early June. The firm has bought Bitstamp shares, the oldest European crypto exchange in the market, from Pantera Capital. The deal’s value has yet to be disclosed, according to Brenda Ngari at ZyCrypto. The data comes from Galaxy Digital’s Q1 2023 report [PDF].

Galaxy says it advised Pantera to sell its stake in Bistamp to Ripple in the first quarter. Bitstamp is currently the fifth-largest cryptocurrency in terms of trading volume, with about $165 million worth of cryptocurrencies traded in the last 24 hours, according to CoinMarketCap. This Ripple buyout deal comes as Galaxy Digital’s investment banking team posted stellar growth over the past year, strengthening its position as the leading investment bank for digital assets after FTX.

https://www.vanticatrading.com/post/ripple-buys-bitstamp-shares

#ripple #xrp #payments #crypto
last year in SteemitCryptoAcademy by
$0.00
    Reply 0

    Coin Marketplace

    STEEM 0.19
    TRX 0.15
    JST 0.029
    BTC 63498.69
    ETH 2645.91
    USDT 1.00
    SBD 2.80