Robinhood Markets has agreed to amass main cryptocurrency trade Bitstamp for $200 million in money, marking Robinhood's largest deal so far and a part of its technique to broaden its cryptocurrency choices.
Based in 2011, Bitstamp brings over 85 tradable property and important regulatory approvals to Robinhood's platform. The transaction will speed up the expansion of Robinhood Crypto and facilitate its international growth, notably in Europe and Asia. Regardless of regulatory challenges within the U.S., Robinhood stays dedicated to working with regulators. The acquisition is predicted to shut within the first half of 2025.
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