Robinhood acquires Bitstamp for $200 million to boost crypto business, shares climb

From Investing.com: 2024-06-06 08:03:04

Robinhood Markets announced a $200 million acquisition of Bitstamp, its largest deal yet. The move aims to expand Robinhood’s financial services and grow its crypto business. Bitstamp, with 50 licenses worldwide, will help Robinhood compete with industry leaders like Binance and Coinbase. The deal is expected to close in the first half of 2025.

Read more at Investing.com: Robinhood to acquire Bitstamp for $200 million amid crypto push; shares climb By Investing.com