Robinhood Acquires Bitstamp for $200 Million, Expanding into Institutional Crypto Market

Robinhood Markets Inc. has completed the acquisition of cryptocurrency exchange Bitstamp for $200 million, marking a significant move towards expanding its presence in the global crypto market and catering to institutional investors. This strategic deal brings Robinhood’s user base together with Bitstamp’s established global infrastructure, enabling them to tap into new opportunities and serve a wider client base.