Robinhood announced that it will acquire global cryptocurrency exchange Bitstamp. The acquisition is expected to be completed in the first half of 2025, subject to customary closing conditions including regulatory approvals. With this acquisition, Robinhood will significantly expand its global presence and introduce institutional business for the first time, covering the EU, UK, US and Asian markets. Bitstamp was founded in 2011 and is headquartered in the UK with offices in Luxembourg, Slovenia, Singapore and the US. It is one of the largest cryptocurrency exchanges in Europe. Bitstamp currently has more than 50 active licenses and registrations worldwide. ( Newsroom )