Robinhood, a prominent retail trading platform, has secured an agreement to acquire Bitstamp, a U.K.-based cryptocurrency exchange, in a strategic move to broaden its crypto market presence and attract institutional clientele.
On Thursday, Robinhood announced its acquisition of Bitstamp, a deal valued at $200 million and set to close in the first half of 2025. This all-cash transaction underscores Robinhood's commitment to expanding its global footprint in the cryptocurrency sector. Barclays Capital and Galaxy Digital advised on the deal, highlighting the professional expertise involved in this significant acquisition.
Johann Kerbrat, General Manager of Robinhood Crypto, stated, "The acquisition of Bitstamp is a major step in growing our crypto business. Bitstamp’s highly trusted and long-standing global exchange has shown r
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First found on: Crypto news from Coinatory
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