Robinhood acquires Bitstamp in $200 million deal to expand crypto operations

Robinhood has completed the acquisition of Bitstamp, one of the oldest cryptocurrency exchanges, in a deal worth approximately $200 million. The acquisition is expected to enhance Robinhood's crypto operations and expand its presence in overseas markets, aligning with its strategic objectives. This move signifies a significant step for Robinhood in bolstering its institutional business and offering an enriched trading experience to its users.