Ripple Acquires Stake in Bitstamp

Ripple has been on the agenda for a long time with the developments in its case with the SEC. Recently, however, the Blockchain company has been making a name for itself with the moves it has made with its growth-oriented approach. The latest development regarding Ripple is that the company has acquired the shares of Bitstamp owned by Pantera Capital, known for its digital asset-focused investments. Pantera Capital’s investment in UK-based crypto exchange Bitstamp is based on $10 million in funding in 2013. It was a matter of curiosity why Pantera Capital, which held the stock market shares for 10 years, decided to sell these shares to Ripple now.

Among the comments made about the share sale, it was emphasized that it should not be considered as a company acquisition. This move by Ripple is estimated to be a move towards the expansion of Liquidity Center (LH) and On-Demand Liquidity (ODL) services. So much so that the Bitstamp exchange is one of the most strategic partners in Ripple’s ODL service. Prior to the emergence of this share purchase, Ripple gained attention by acquiring Swiss-based digital asset custody service Metaco. With the acquisition of Metaco, Ripple has revealed its goal of expanding in asset tokenization and surveillance. Ripple CEO Brad Garlinghouse gave tips on these acquisitions a while ago. Garlinghouse reported that the crypto company has set aside $1 billion in funding to boost its operations in various areas.

Continuing its growth moves in the crypto sector, Ripple’s ongoing legal struggle with the SEC is thought to have come to an end. Ripple was uplifted by the decision to disclose the Hinman documents in its latest lawsuit, and Garlinghouse explained that his hopes for winning the case were further increased. The lawsuit between Ripple and the SEC is expected to conclude in 2 to 6 months.