Robinhood's acquisition of Bitstamp marks its deeper foray into the world of cryptocurrencies, potentially worth $200 million and set to close in the first half of 2025.
The move not only reflects Robinhood's ongoing expansion into the crypto space but also signifies its venture into international markets, starting with the U.K. and EU.
Bitstamp, established in 2011, is among the oldest cryptocurrency exchanges globally, acquired by NXMH in 2018 and recently with a stake held by Ripple.
Despite facing initial challenges post-IPO, Robinhood has experienced significant growth, doubling its valuation in a year to $19 billion, with impressive financial figures and user expansion.
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