Robinhood has completed the acquisition of cryptocurrency exchange Bitstamp for $200 million, marking a major step in expanding its presence in the digital asset market. The all-cash deal brings Bitstamp’s global operations under Robinhood’s umbrella, giving it access to the exchange’s existing client base and expertise. 50 active licenses across the EU, UK, U.S., and Asia allow Bitstamp to serve over 500,000 retail customers and 5,000 institutional clients, generating $95 million in net revenue over the past year. Robinhood expects integration of Bitstamp’s technology with its Smart Order Routing and Legend trading systems to lead to greater institutional access in the future.