Acquired Bitstamp

Trading platform Robinhood has agreed to buy UK-based cryptocurrency exchange Bitstamp for $200 million in cash. The acquisition company, founded in 2011, is one of the largest exchanges in Europe and represents a “significant step forward” for Robinhood as it expands its cryptocurrency presence on the platform. globally and attract institutional customers. Barclays Capital and Galaxy Digital advised Robinhood and Bitstamp on the sale, the companies said. The deal is expected to close in early 2025.

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