From Cointelegraph

June 2, 2025 7:31 pm:

Robinhood Markets, Inc. finalized a $200 million acquisition of Bitstamp, a Luxembourg-based crypto exchange, to expand its crypto arm with over 50 licenses and an institutional client base. The deal, paid entirely in cash, remains unchanged from the initial agreement in June 2024. Bitstamp reported $95 million in revenue, while Robinhood’s crypto business earned $252 million in Q1 of 2025. Robinhood also plans to acquire Canadian crypto platform WonderFi for $179 million as part of its global expansion strategy. Shares of Robinhood (HOOD) closed at $67.98 on June 2, up 2.77%. CEO Vladimir Tenev aims to focus on tokenizing real-world assets, noting the potential economic value it could bring to the crypto industry. Tenev envisions tokenizing private equities as a significant opportunity for both individuals and companies, allowing investors to buy tokenized shares in companies like OpenAI and SpaceX within minutes.

Read more at Cointelegraph: Robinhood acquires crypto exchange Bitstamp for $200M