Trading platform Robinhood Markets said on Thursday it has agreed to acquire cryptocurrency exchange Bitstamp for around $200 million in cash, speeding up a broader push into digital assets with its biggest-ever deal.
The 11-year-old trading app, popular among retail traders, has been looking to expand its product offerings to mature into a full-fledged financial services provider.
The acquisition of Bitstamp, which was founded in 2011 and holds 50 active licenses and registrations globally, puts Robinhood in direct competition with industry giants such as Binance and Coinbase.
https://www.cnbc.com/2024/06/06/robinhood-200-million-deal-for-bitstamp.html
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