Robinhood Acquires Bitstamp, a Leading Crypto Exchange

Robinhood Acquires Bitstamp, a Leading Crypto Exchange

In a major move, Robinhood, a popular online brokerage firm, has announced its acquisition of Bitstamp, a leading cryptocurrency exchange. The deal, valued at approximately $200 million, is expected to be completed in the first half of 2025.

Founded in 2011, Bitstamp is a well-established player in the cryptocurrency market, with operations in Luxembourg, the UK, Slovenia, Singapore, and the US. The exchange boasts over 50 active licenses and registrations worldwide.

The acquisition marks a significant expansion for Robinhood into the European market, according to Johann Kerbrat, General Manager of Robinhood. The deal also enhances Robinhood's cryptocurrency offerings, as Bitstamp currently lists over 85 cryptocurrencies for trading.

Furthermore, the acquisition is expected to benefit Robinhood by leveraging Bitstamp's institutional business, allowing the company to diversify its services and expand its reach.

Separately, Robinhood is facing scrutiny in the US, with the Securities and Exchange Commission (SEC) investigating the company's cryptocurrency division in May. The SEC has accused Robinhood of violating securities laws related to the regulation of securities.

This acquisition is a significant step forward for Robinhood, demonstrating the company's commitment to expanding its presence in the global cryptocurrency market. With Bitstamp's expertise and Robinhood's innovative approach, the combined entity is poised to make a significant impact in the industry.

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