Individual investors can easily and cheaply buy and sell crypto and stocks on Robinhood. The platform gained more attention in 2021 with GameStop and has grown rapidly over the years. Today, it is preparing to buy one of the long-standing crypto exchanges for $200 million.
Crypto Breaking News
This acquisition, expected to be completed in the first half of 2025, will position Robinhood better for expansion outside the US and open doors to the EU, UK, and Asia. Acquiring a global exchange is a significant step to support Robinhood Crypto‘s goal of worldwide expansion. The recent announcement stated;
“This acquisition will initiate Robinhood’s first corporate venture. Bitstamp is trusted by institutional clients for reliable execution, deep order books, and industry-leading API connectivity. With Bitstamp’s white-label solution Bitstamp-as-a-service, corporate lending, and staking offerings, Robinhood will enter the space with active and established relationships, infrastructure, and industry-leading products.”
Robinhood Crypto General Manager Johann Kerbrat said;
“The acquisition of Bitstamp is a significant step in growing our crypto business. Bitstamp’s highly reliable and long-standing global exchange has shown resilience through market cycles. The Bitstamp team has seamlessly combined customer experience with security across geographies, becoming one of the most reputable platforms among individual and institutional crypto investors.”
