Robinhood has completed its acquisition of Bitstamp, a Luxembourg-based cryptocurrency exchange, for $200 million. This strategic move strengthens Robinhood’s global reach and taps into the potential of institutional crypto trading. The deal adds over 50 licenses and access to 5,000 institutional clients and 50,000 retail users. Bitstamp has a strong track record with $95 million in revenue annually, further bolstering Robinhood’s crypto operations. This follows the company’s earlier acquisition of WonderFi for approximately $179 million. Meanwhile, FalconX recently acquired a majority stake in Monarq Asset Management, formerly linked to FTX, aiming to expand its institutional asset management services.