Robinhood Markets, Inc. (“Robinhood”) has entered into an agreement to acquire Bitstamp Ltd. (“Bitstamp”), a global cryptocurrency exchange. Bitstamp was founded in 2011 and has offices in Luxembourg, the UK, Slovenia, Singapore, and the US. Acquiring a global exchange will significantly accelerate Robinhood Crypto’s expansion worldwide. Bitstamp holds over 50 active licenses and registrations globally and will bring in customers across the EU, UK, US and Asia to Robinhood. This acquisition will introduce Robinhood’s first institutional business. Bitstamp has been trusted by its institutional clients for reliable ... (full story)

Trading platform Robinhood Markets said on Thursday it has agreed to buy 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. Bitstamp will power the growth of Robinhood ... (full story)