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Robinhood has agreed to acquire leading Bitcoin and crypto exchange Bitstamp for $200 million in cash, marking a major expansion of its Bitcoin and crypto business. The deal is expected to close in the first half of 2025.Founded in 2011, Bitstamp is one of the world's oldest and most established crypto exchanges. It operates across Europe, Asia and the U.S., with over 50 licenses globally. The acquisition will bring Bitstamp's institutional and retail customers under Robinhood's umbrella.Robinhood aims to leverage Bitstamp's reputation for resilience and trust to bolster its own Bitcoin and crypto offerings. Bitstamp underwent over a decade of market cycles and maintained high-security standards.
Published at
2024-06-06 15:27:06Event JSON
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