Bitstamp is planning to expand its institutional business in Australia in 2024, and the Robinhood acquisition is expected to be completed in 2025

Odaily Odaily reported that the cryptocurrency exchange Bitstamp announced that it will strategically expand its institutional business in Australia in 2024. Bitstamp Global Chief Business Officer Bobby Zagotta stated at the Token2049 Summit in Singapore that the Asia-Pacific region has become the company's key development area. Currently, Asian business accounts for 20% of the group's global revenue, and the European market contributes 65%. Zagotta emphasized that Bitstamp is expected to provide differentiated services to Australian institutional clients with its global operating experience. At the same time, Robinhood's acquisition of Bitstamp for US$200 million is undergoing regulatory approval in multiple jurisdictions and is expected to be completed in the first half of 2025. Zagotta pointed out that the merger is expected to bring a large amount of retail trading traffic to Bitstamp and significantly improve market liquidity. (The Block)