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Robinhood to acquire Bitstamp in $200m deal

Robinhood to Acquire Bitstamp for $200 Million:

  • Acquisition Details:
    • Robinhood is set to buy global cryptocurrency exchange Bitstamp for approximately $200 million.
    • The deal is subject to regulatory approvals and expected to close in the first half of 2025.
  • Strategic Impact:
    • This acquisition will mark the formation of Robinhood’s first institutional business.
    • It will fuel Robinhood’s global expansion by leveraging Bitstamp’s extensive customer base in the EU, UK, USA, and Asia.
  • Bitstamp’s Credentials:
    • Bitstamp holds over 50 licenses and registrations worldwide.
    • Known for reliable trade execution, deep order books, and industry-leading API connectivity.
  • Institutional Offerings:
    • Bitstamp provides services like white label solution Bitstamp-as-a-service, institutional lending, and staking.
    • These offerings will enable Robinhood to enter the space with established relationships and infrastructure.
  • Enhanced Crypto Offering:
    • Robinhood aims to integrate Bitstamp’s core spot exchange solution, which includes over 85 tradable assets, to enhance its crypto services.
  • Company Integration:
    • Bitstamp, founded in 2011, operates offices in the UK, Luxembourg, Slovenia, Singapore, and the USA.
    • All Bitstamp teams will merge with Robinhood, promoting collaboration and innovation across continents.

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