Robinhood Acquires Crypto Exchange Bitstamp for $200 Million
Robinhood has acquired the European crypto exchange Bitstamp for $200 million. The branding on Bitstamp's platforms now reflects this ownership as "Bitstamp by Robinhood."
This acquisition, announced in June 2023, allows Robinhood to expand into the global crypto trading market, targeting both retail and institutional investors.
Key details include:
- Bitstamp is the world's longest-active crypto exchange, established in 2011.
- It holds over 50 licenses and registrations globally.
- Robinhood shares rose approximately 1.4% to just under $69 in pre-market trading.