The post Robinhood Buys Bitstamp for $200M appeared first on Coinpedia Fintech News

Robinhood has agreed to buy Bitstamp for $200 million in cash in a move to expand its crypto presence globally and attract institutional clientele through new product offerings. The $200 million all-cash deal is expected to close in the first half of 2025. Barclays Capital and Galaxy Digital had advised Robinhood and Bitstamp on the sale. The CEO of Bitstamp underscored that bringing Bitstamp’s platform and expertise into Robinhood’s ecosystem will give users an enhanced trading experience and commitment to compliance, security, and customer-centricity.