Trading platform Robinhood will acquire crypto exchange Bitstamp, expected to be completed in the first half of 2025

According to TechFlow, trading platform Robinhood (HOOD) has agreed to acquire cryptocurrency exchange Bitstamp. The company hopes to expand its global cryptocurrency influence and attract institutional clients through new products.

The all-cash transaction, valued at $200 million, is expected to close in the first half of 2025, according to a news release.