Robinhood Acquires Bitstamp for $200 Million, Fueling Global Expansion in Crypto

Robinhood has acquired Bitstamp, a leading cryptocurrency exchange based in Luxembourg, for a hefty $200 million in cash. This strategic move grants the platform access to over five thousand institutional clients and a ready-made user base of fifty thousand retail crypto users globally. 50 new licenses are also included. Bitstamp now operates under the Robinhood umbrella, with the company promising to expand its reach across Europe, the UK, and Asia.