Robinhood Acquires Bitstamp for $200M, Doubling Down on Crypto
TL;DR Summary
Robinhood plans to acquire crypto exchange BitStamp for $200 million to expand its international crypto business, despite facing regulatory scrutiny from the SEC in the U.S. The acquisition aims to leverage BitStamp's global presence and introduce Robinhood's first institutional business, including staking and lending abroad.
- Robinhood buys crypto exchange BitStamp for $200 million despite likely SEC lawsuit Fortune
- Robinhood bets big on crypto with $200 million deal for Bitstamp CNBC
- Robinhood Stock Surges Out Of Buy Zone, Adds To 70% Rally With Crypto Exchange Acquisition Investor's Business Daily
- Robinhood acquires Bitstamp in US$200 mln deal Yahoo Finance
- Robinhood Doubles Down on Crypto With Deal for Bitstamp The Wall Street Journal
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