United

<h4><strong>The $200 million deal is aimed at bolstering institutional trading capabilities in the United States.</strong></h4> 
<p>This acquisition move comes amidst the recent receipt from Robinhood of a Wells notice from the <a href="https://www.altcoinbuzz.io/?s=sec" target="_blank" rel="noopener">SEC</a> in May.</p> 
<h5><strong>Robinhood’s Acquisition of Bitstamp: Boosting Institutional Trading</strong></h5> 
<p>Despite this, Robinhood remains committed to expanding its crypto offerings to meet increasing customer demand. Johann Kerbrat, Robinhood Crypto’s GM, <a href="https://www.wsj.com/business/deals/robinhood-doubles-down-on-crypto-with-deal-for-bitstamp-eade3276" target="_blank" rel="noopener">cited</a> customer demand for more crypto products as the reason for acquiring Bitstamp. Kerbrat stressed Robinhood’s crypto focus for its transformative potential in finance.</p> 
<p><img decoding="async" class="wp-image-142532 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vcxdfdghhfjkui-282x300.png" alt="" width="435" height="463" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vcxdfdghhfjkui-282x300.png 282w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vcxdfdghhfjkui.png 384w" sizes="(max-width: 435px) 100vw, 435px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/RobinhoodApp/status/1798672303519342898" target="_blank" rel="noopener">X</a></strong></h6> 
<p>Robinhood’s co-founder and CEO, Vlad Tenev, echoed this sentiment, stating that crypto will “fundamentally reorganize the financial system”. Tenev highlighted Bitstamp’s global presence, robust spot exchange, and industry-leading products such as crypto-as-a-service, institutional lending, and staking as key drivers behind the acquisition.</p> 
<p>The deal, subject to regulatory approval, is anticipated to be finalized in the first half of 2025. This strategic move underscores Robinhood’s commitment to diversifying its product offerings and positioning itself as a prominent player in the evolving cryptocurrency landscape.</p> 
<p><img decoding="async" class="wp-image-142534 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vcxbfgrth-300x145.png" alt="" width="567" height="274" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vcxbfgrth-300x145.png 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vcxbfgrth.png 394w" sizes="(max-width: 567px) 100vw, 567px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/vladtenev/status/1798680590344126963" target="_blank" rel="noopener">X</a></strong></h6> 
<p>As crypto continues to gain traction as a mainstream asset class, Robinhood’s acquisition of Bitstamp signals its readiness to capitalize on this growing market opportunity and cater to the evolving needs of institutional investors and retail traders alike.</p> 
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="alignnone size-full wp-image-123700" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg" sizes="(max-width: 1197px) 100vw, 1197px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg 1197w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1068x132.jpg 1068w" alt="" width="1197" height="148"></a></p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/robinhood-to-acquire-bitstamp-for-crypto-expansion/">Robinhood to Acquire Bitstamp for Crypto Expansion</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Robinhood to Acquire Bitstamp for Crypto Expansion

Altcoin Buzz

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