Robinhood Markets has agreed to purchase Bitstamp, a number one cryptocurrency change, for $200 million in money. The acquisition represents Robinhood's largest deal so far and is a part of its technique to broaden its cryptocurrency choices.
Based in 2011, Bitstamp brings greater than 85 tradable property and vital regulatory approvals to the Robinhood platform. The deal will assist Robinhood Crypto's development and facilitate its international growth, significantly in Europe and Asia. Regardless of regulatory challenges within the US, Robinhood stays dedicated to working with regulators. The acquisition is predicted to shut within the first half of 2025.
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