0
0
News

Robinhood Completes its $200M Bitstamp Acquisition

The much-hyped deal was first announced back in June 2024.
0
0
Jun 3, 20251 min read

Robinhood has finalized its $200 million acquisition of Bitstamp, marking its first foray into institutional crypto and solidifying its global presence.

What’s the Scoop?

  • Global Expansion: The acquisition grants Robinhood access to Bitstamp's customers in the EU, UK, and Asia.
  • Institutional Crypto Entry: Bitstamp introduces Robinhood to institutional clients, enhancing its crypto business diversity.
  • Bitstamp's Track Record: As the longest-running crypto exchange, Bitstamp is recognized for deep liquidity and trusted operations.
  • Strategic Branding: Bitstamp retains its identity as 'Bitstamp by Robinhood,' showcasing a hybrid operational structure.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.