Next Gen trading exchange Robinhood won the fintech news cycle this week with the announcement that it has agreed to acquire UK-based crypto exchange Bitstamp for $200 million in cash, aiming to expand its global crypto presence and attract institutional clients. Bitstamp, founded in 2011, is one of Europe’s largest crypto exchanges, offering spot trading of over 85 cryptocurrencies and other crypto products. The acquisition, expected to close in the first half of 2025, could intensify competition in the crypto exchange market, potentially impacting players like Coinbase.
Robinhood to Buy Crypto Exchange Bitstamp in Effort to Expand Outside the U.S.
