All articles tagged with #bitstamp
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 has acquired Bitstamp, a long-standing cryptocurrency exchange, for $200 million in an all-cash deal set to close in the first half of 2025. This acquisition aims to expand Robinhood's international presence and develop its institutional business. Bitstamp, which has seen a decline in market share, brings 50 active licenses and a robust institutional trade to Robinhood. The deal comes amid a resurgence in Robinhood's fortunes and a significant upswing in the crypto market. However, any expansion of crypto offerings in the U.S. may face regulatory scrutiny from the SEC.
Robinhood is acquiring crypto exchange Bitstamp for $200 million, a move that will add millions of new crypto customers and numerous global licenses to its portfolio. This acquisition highlights Robinhood's commitment to expanding its financial services and its belief in the future of cryptocurrency, despite recent financial challenges.
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.
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.
Bitcoin fluctuates around $71,000 following a recent rally, while Robinhood acquires Bitstamp for $200 million to expand its crypto business. VanEck predicts ether could reach $22,000 by 2030 due to Ethereum's disruptive potential. Standard Chartered links BTC's price to the chances of a Trump victory in the upcoming U.S. presidential election.
Robinhood has agreed to acquire U.K.-based crypto exchange Bitstamp for $200 million in cash, aiming to expand its global crypto presence and attract institutional clients. The deal, expected to close in the first half of 2025, will enhance Robinhood's trading platform with Bitstamp's established and regulated exchange services.
The arrival of new bitcoin ETFs has led to a 4.5% increase in total spot trading volume on centralized crypto exchanges, with Bitstamp experiencing a surge in trading volume and new users. While not listing any of the bitcoin ETFs, Bitstamp serves as a liquidity provider for the products, contributing to the increased buying and selling of crypto. Additionally, comedian Larry David expressed regret for starring in a crypto ad for now bankrupt FTX, and there is growing favoritism towards Ethereum over Bitcoin as investors anticipate potential approval of ether ETFs in the coming months.