Robinhood Adds XLM to Crypto Transfers: Is XRP Next?

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Robinhood continues to expand its cryptocurrency offerings in Europe, recently integrating Stellar (XLM) into its crypto transfer service. This move has sparked renewed speculation about which digital asset might be added next—particularly Ripple’s XRP. As the platform enhances self-custody options and broadens access to decentralized finance (DeFi), users are watching closely for signs of further expansion.

With over 25 supported cryptocurrencies now available for deposit and withdrawal—including Bitcoin, Ethereum, Solana, and USDC—Robinhood Crypto EU is positioning itself as a key player in the European digital asset landscape. The addition of XLM follows shortly after Solana’s integration, fueling optimism around future listings and potential ETF developments.

XLM Now Live for Transfers in Europe

On October 23, 2024, Robinhood Crypto EU officially announced that Stellar (XLM) is now supported for crypto transfers. European users can now freely deposit and withdraw XLM directly from their wallets, marking a significant step toward greater asset control and financial autonomy.

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To incentivize early adoption, Robinhood is offering a limited-time 1% deposit bonus for users adding XLM to their accounts. This promotional move not only encourages user engagement but also highlights the platform’s strategy of rewarding participation in emerging crypto ecosystems.

Despite the positive development, XLM’s market price experienced a slight dip post-announcement. However, derivatives trading activity showed an uptick, suggesting growing institutional or speculative interest in the asset despite short-term volatility.

A Growing List of Transferable Cryptos

The inclusion of XLM brings the total number of transferable cryptocurrencies on Robinhood Crypto EU to more than 25. This growing list includes major players such as:

Each addition reflects Robinhood’s commitment to expanding user access to high-demand digital assets. By enabling direct deposits and withdrawals, the platform empowers users with true self-custody—allowing them to move funds freely between Robinhood and external wallets.

Beyond functionality, Robinhood emphasizes security through crime insurance coverage and offers educational resources to help users better understand blockchain technology and DeFi applications.

Solana Momentum Fuels Speculation

The recent addition of Solana (SOL) to the transfer roster came amid rising excitement about a potential Solana-based exchange-traded fund (ETF). While no official filing has been approved yet, market sentiment remains bullish, with many analysts drawing parallels between Solana’s growth trajectory and earlier stages of Ethereum’s adoption.

This momentum has set a precedent—when Robinhood adds transfer support for a cryptocurrency, it often precedes broader institutional recognition. As a result, investors are increasingly viewing new integrations as leading indicators of future regulatory and financial developments.

Given this pattern, the crypto community is now asking: Could XRP be next?

Will XRP Join Robinhood’s Transfer Service?

Currently, XRP is available for trading on Robinhood’s EU platform—but not for transfers. Users can buy and sell the asset but cannot withdraw it to personal wallets or deposit it from external sources. This limitation restricts full control over holdings and limits utility within the wider DeFi ecosystem.

However, growing speculation suggests that transfer functionality for XRP could be on the horizon. One catalyst behind this belief is the increasing chatter around a potential XRP ETF. Although still speculative, such a product would require deeper infrastructure support—including wallet interoperability and custodial solutions—making transfer integration a logical next step.

Moreover, Ripple has been making strides in regulatory clarity across Europe and other regions, reducing legal uncertainties that may have previously deterred platforms like Robinhood from offering full XRP support.

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Why Transfer Support Matters

Enabling crypto transfers isn’t just a technical upgrade—it’s a shift toward user empowerment. When platforms allow deposits and withdrawals, they enable:

For retail investors, these capabilities transform a trading app into a full-fledged gateway to Web3. Robinhood’s gradual rollout of transfer options signals a strategic pivot from being merely a brokerage to becoming an integrated crypto financial hub.

Market Reaction and Investor Sentiment

While XLM’s price dipped slightly after the announcement, market dynamics reveal a more nuanced story. The decline may reflect profit-taking rather than negative sentiment, especially given the concurrent rise in derivatives volume.

In contrast, XRP has maintained steady trading activity on Robinhood, with consistent demand from European users. If historical patterns hold, increased trading volume often precedes functional upgrades like transfer support.

Investors are advised to monitor official communications from Robinhood and stay informed about regulatory developments affecting both XLM and XRP.

Frequently Asked Questions (FAQ)

Q: Can I withdraw XLM from Robinhood now?
A: Yes, as of October 23, 2024, users in Europe can deposit and withdraw Stellar (XLM) on Robinhood Crypto EU.

Q: Is XRP available for transfer on Robinhood?
A: No, XRP is currently only available for trading on Robinhood’s EU platform. Withdrawals and deposits are not yet supported.

Q: Why did XLM’s price drop after the announcement?
A: Short-term price movements can be influenced by various factors including market sentiment, profit-taking, or broader macro trends. The dip does not necessarily reflect long-term outlook.

Q: Could an XRP ETF lead to transfer support on Robinhood?
A: While unconfirmed, ETF discussions often drive infrastructure improvements. Transfer support would likely be necessary for any future XRP-based financial products.

Q: How many cryptocurrencies support transfers on Robinhood EU?
A: Over 25 cryptocurrencies now support deposits and withdrawals, including BTC, ETH, SOL, USDC, and XLM.

Q: Is there a bonus for depositing XLM?
A: Yes, Robinhood is offering a limited-time 1% deposit bonus for users adding XLM to their accounts.

Final Thoughts

Robinhood’s decision to add Stellar (XLM) to its crypto transfer service underscores its growing role in Europe’s digital asset ecosystem. While the immediate market reaction was mixed, the long-term implications point to greater user autonomy and deeper integration with decentralized finance.

With Solana already integrated and speculation mounting around XRP, Robinhood appears to be methodically expanding its offerings based on market demand and regulatory feasibility.

As the line between traditional finance and crypto blurs, platforms that empower users with control, security, and education will lead the next phase of adoption. Whether XRP joins the transfer list soon remains to be seen—but all eyes are on Robinhood’s next move.

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