Ripple, a leading crypto technology company in global payments and financial solutions, has apparently exited its investments in crypto exchange Bitstamp and cross-border payment hub Tranglo. Crunchbase has updated both companies related to XRP and XRP Ledger among the most notable exits.
Ripple Withdraws Investments in Bitstamp and Tranglo
Crypto payments solutions firm Ripple has exited from crypto-related companies Bitstamp and Tranglo recently, according to recent data on the business information website Crunchbase.
Source: Crunchbase
With the exact reasons behind the exit from crypto exchange Bitstamp remains unclear, Robinhood’s recent $200 million acquisition of Bitstamp could probably be one of the factors. In fact, the acquisition sparked speculation of XRP listing on Robinhood.
Ripple acquired crypto exchange Bitstamp for an undisclosed amount from Pantera Capital last year. Ripple president Monica Long said the company’s stake acquisition in Bitstamp is a major move to h
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