Reported 6 months ago
Robinhood Markets (HOOD) has announced its acquisition of crypto exchange Bitstamp for $200 million in cash, a move that will broaden Robinhood's crypto and global exposure. This acquisition is described as a significant step in Robinhood's expansion of its crypto business, positioning the company to grow beyond the US market. The deal is expected to close in the first half of 2025, giving Robinhood access to the EU, UK, US, and Asian markets, as well as boosting its presence in the rapidly growing cryptocurrency sector as highlighted by recent revenue increases and trading volumes.
Source: YAHOO