Robinhood Acquires BitStamp: Expanding Global Reach in Cryptocurrency

Robinhood has acquired BitStamp for $200 million, marking a significant step towards global expansion and entry into institutional cryptocurrency markets. This strategic move grants Robinhood over 50 licenses across various countries, significantly increasing its regulatory reach and opening doors to new services. Bitstamp’s expertise in staking, custody, and institutional crypto will bolster Robinhood’s offerings and create a more diverse platform for users. The deal also reflects a growing trend of consolidation within the cryptocurrency industry as firms adapt to evolving regulations and market conditions.