Robinhood acquires Bitstamp for $200 million, expanding its global crypto presence.
Robinhood Markets Inc. is set to acquire crypto exchange Bitstamp for around $200 million in cash, as part of a bid to accelerate its worldwide crypto expansion. Bitstamp was established in 2011 and operates offices across Luxembourg, the UK, Slovenia, Singapore, and the US. It holds over 50 active licenses and registrations globally and has a diverse customer base spanning the European Union, United Kingdom, United States, and Asia. This acquisition marks Robinhood's first foray into institutional business.
June 06, 2024
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