Robinhood Buys Bitstamp for $200M

Robinhood is acquiring the global cryptocurrency exchange Bitstamp for $200 million, with the deal expected to close in the first half of 2025. This acquisition marks Robinhood's continued push into the crypto market and its international expansion efforts, aiming to target retail and institutional crypto investors across Europe, Asia, and the U.S. The move comes as Robinhood's valuation has more than doubled in the past year, driven by record earnings and a significant increase in cryptocurrency income.