🚀 Robinhood buys crypto exchange Bitstamp for $200 million!

Robinhood announced the acquisition of the cryptocurrency exchange Bitstamp for $200 million in cash. The deal is expected to close in the first half of 2025.

🌐 Why? Robinhood aims to expand its presence in the global crypto market and attract institutional clients with new product offerings.

📈 Bitstamp — founded in 2011 in the UK, is one of the largest crypto exchanges in Europe. The exchange offers trading of over 85 cryptocurrencies, institutional lending, and staking. Bitstamp holds more than 50 licenses and regularly undergoes audits by one of the Big Four accounting firms.

Robinhood started offering cryptocurrency trading to clients in the EU since December.

Previously, Robinhood added support for $TON for European users, which led to the rapid growth of Toncoin and a new ATH.