Bitstamp Teases Big XRP Announcement: Crypto Community Excited!

• Crypto exchange Bitstamp has teased a big XRP announcement coming today.
• The XRP community is speculating what the announcement could be.
• Ripple owns a minority stake in Bitstamp, which could be related to the announcement.

Bitstamp Teases Major XRP Announcement

Luxembourg-based cryptocurrency exchange Bitstamp has dropped a teaser concerning plans to drop a major XRP announcement today. On August 2, this exchange posted a tweet with the caption “tomorrow” and added XRP-related hashtags which include XRP Ledger (XRPL). The tweet contains a short video clip that hints that it is about to take XRP to the next level.

Speculation Amongst The Community

This has created a situation for users to make guesses. In the comment section, Panos, the founder of Digital Generation Finance suspected that Bitstamp is probably planning to announce a full integration of XRPL . He made another guess that the exchange may announce that DEX has been connected to order books. Another user identified as “wEeZiE” stated that Bitstamp has operated as the gateway to facilitate access to the Ripple network.

Ripple’s Connection With BitStamp

According to “wEeZiE”, Bitstamp’s teaser may be related to Ripple’s minority stake acquisition in Bitstamp. Ripple president Monica Long said the company’s recent stake acquisition in European crypto exchange will help further grow its international presence and diversification beyond payments.

On Demand Liquidity (ODL)

Bitstamp is known for having a partnership with Ripple by acting as a gateway for the blockchain company; granting clients entry into RippleNet as an On-Demand Liquidity (ODL) partner for Ripple’s payment service provider platform.

Whales Moving A Huge Amount Of XRP

As previously reported, whales have been moving large amounts of XRP recently; leading some analysts believing this could set up for an upcoming price surge when the announcement drops today.