According to ChainCatcher and Cointelegraph, Robinhood has completed a $200 million cash acquisition of Bitstamp, a cryptocurrency exchange headquartered in Luxembourg. This acquisition added over 50 licenses and registration qualifications to Robinhood's crypto business and brought a mature institutional client base. Bitstamp has over 5,000 institutional clients and 50,000 retail users, with its primary trading volume coming from institutional clients.
Robinhood stated that this acquisition significantly expanded its crypto business layout in European, British, and Asian markets, and does not rule out potential future acquisitions in the crypto field.
