2024

when

Coin

<ul class="news-points">
 <li><strong>Robinhood agrees to purchase Bitstamp for $200M.</strong></li>
 <li><strong>Robinhood’s crypto trading revenue triples in Q1 2024.</strong></li>
 <li><strong>Bitstamp deal expands Robinhood’s global crypto offerings.</strong></li>
</ul>
<p>Robinhood Markets has agreed to acquire Bitstamp, a cryptocurrency exchange, for $200 million in cash. This acquisition marks Robinhood’s largest deal to-date and as part of its expansion into cryptocurrency offerings.</p>
<p>Bitstamp, founded in 2011, brings over 85 crypto assets and significant regulatory approvals to Robinhood’s platform. The deal will enhance Robinhood Crypto’s growth and facilitate its global expansion, especially in Europe and Asia. Despite regulatory challenges in the U.S., Robinhood remains committed to engaging with regulators.</p>
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   <p lang="en" dir="ltr">We’re accelerating Robinhood Crypto’s worldwide expansion. Robinhood has officially entered into an agreement to acquire <a href="https://twitter.com/Bitstamp?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@Bitstamp</a>, a global cryptocurrency exchange with customers across the EU, UK, US and Asia. <br><br>More details: <a href="https://t.co/wk3x02z0rU" target="_blank" rel="noopener noreferrer nofollow">https://t.co/wk3x02z0rU</a> <a href="https://t.co/aadKzhCxlx" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/aadKzhCxlx</a></p>— Robinhood (@RobinhoodApp) <a href="https://twitter.com/RobinhoodApp/status/1798672303519342898?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 6, 2024</a>
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<p>Robinhood’s move <a href="https://investors.robinhood.com/news/news-details/2024/Robinhood-to-Acquire-Bitstamp/default.aspx" target="_blank" rel="noopener noreferrer nofollow">to acquire</a> Bitstamp comes at a time when the firm is recording significant growth in its crypto trading revenue. …</p>
<p>The post <a href="https://coinedition.com/robinhood-expands-european-footprint-with-acquisition-of-crypto-exchange-bitstamp/" rel="noopener noreferrer nofollow">Robinhood Expands European Footprint with Acquisition of Crypto Exchange Bitstamp</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Robinhood Expands European Footprint with Acquisition of Crypto Exchange Bitstamp

Coin Edition

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