Robinhood acquires Bitstamp in $200 million deal to expand crypto operations
06/06/24, 2:04 PM
Location
menlo park
luxembourg cityIndustry
lending
financial services
financial services
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.
Company Info
Location
Menlo Park, California, United States
Company info
Robinhood Markets, Inc. is on a mission to democratize finance for all. In the U.S., people can invest with no account minimums through Robinhood Financial LLC, a registered broker dealer (member SIPC), buy and sell crypto through Robinhood Crypto, LLC, spend and earn rewards through debit cards with Robinhood Money, LLC and credit cards with Robinhood Credit, Inc., trade U.S. stocks without commission or FX fees in the UK through Robinhood U.K. Ltd., trade crypto in select jurisdictions in the European Union through Robinhood Europe, UAB, and access easy-to-understand educational content through Robinhood Learn.