Robinhood completes acquisition of Bitstamp to strengthen its global presence in the cryptocurrency market
Robinhood completes acquisition of Bitstamp to strengthen its global presence in the cryptocurrency market
06/06/24, 11:07 AM
Location
Industry
cryptocurrency
blockchain
financial services
financial services
Robinhood Markets, Inc. has entered into an agreement to acquire Bitstamp Ltd., a global cryptocurrency exchange. This strategic move aims to expand Robinhood's presence outside of the US by integrating Bitstamp's globally-scaled crypto exchange and bringing trusted institutional business capabilities to Robinhood. The acquisition is expected to close in the first half of 2025, subject to customary closing conditions and regulatory approvals.
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.

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cryptocurrency | $181.4 M | -74.7% |