Robinhood Acquires Bitstamp for $200M in Major Crypto Move

Robinhood Markets has announced a $200 million cash acquisition of crypto exchange Bitstamp, marking its largest deal to date and accelerating its expansion into digital assets. The acquisition, expected to close in the first half of 2025, positions Robinhood to compete with major industry players like Binance and Coinbase. This move comes as Robinhood's crypto business experiences rapid growth but also faces regulatory challenges in the U.S. Robinhood's stock has surged 69% this year, driven by a focus on profitable growth and increasing crypto adoption.