Bitstamp to Launch New Ripple Trading Pairs

Bitstamp is launching new markets for Ripple’s XRP digital asset, offering trading pairs for USD and euros.

AccessTimeIconJan 10, 2017 at 1:00 p.m. UTC
Updated Sep 11, 2021 at 12:59 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Bitstamp is launching new markets for Ripple’s XRP digital asset.

The launch, set for 17th January, will see the exchange offer trading pairs for USD/XRP and EUR/XRP. The company already serves as a Ripple gateway (where money enters or leaves the network) and hosts a bitcoin-denominated market for the digital asset.

Bitstamp is kicking off the new offerings with a two-part program that will see it give rebates on trading fees, as well as incentives to market makers who bring liquidity to the exchange, though Ripple says the details of the latter are still being finalized.

The move comes during a period of change for the San Francisco-based startup. Chris Larsen stepped down as CEO in November, handing the reins to former AOL exec and then-Ripple president Brad Garlinghouse.

Yet it’s the startup’s growing visibility among the world’s financial institutions that’s perhaps more at play here.

In September, Ripple raised a $55m Series B round that included support from big banks like Standard Chartered, Siam Commercial Bank and Banco Santander. A month later, the startup would disclose details of a test involving a dozen global banks that tested the use of XRP to provide liquidity to bank accounts.

Miguel Vias, the former CME global head of precious metals and metal options who joined Ripple as head of XRP markets in November, said that the launch fits into the startup’s broader plan of getting XRP on more exchanges.

He told CoinDesk:

“We really want nice, wholesome, good liquid activity on day one so we’re having deep conversations with our market makers, some of whom have been around for a long time.”

According to Bitstamp, the move was driven by user demand. At the same time, it suggests a deepening role for the firm as a gateway within the Ripple network.

“It’s clear that Ripple and its digital asset XRP are a natural fit for the stringent requirements of the EU license we hold here at Bitstamp,” CEO Nejc Kodrič said in a statement. “There is also high demand from our customers for XRP trading and so we are looking forward to continue responding to their needs in a highly regulated and compliant trading environment.”

Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Ripple.

Trading screen image via Shutterstock


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish, a cryptocurrency exchange, which in turn is owned by, a firm with interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets including bitcoin and EOS. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.