Robinhood Acquires Bitstamp to Expand Global Crypto Reach and Institutional Involvement

Jun 11, 2024, 05:33 PM

Robinhood has announced its agreement to acquire the crypto exchange Bitstamp, a move aimed at expanding its global reach in the cryptocurrency market. This acquisition is part of Robinhood's broader strategy to integrate traditional finance (TradFi) with decentralized finance (DeFi), ensuring participation in crypto markets regardless of actions by the U.S. Securities and Exchange Commission (SEC). Johann Kerbrat, General Manager at Robinhood Crypto, highlighted the importance of this acquisition for institutional involvement in the crypto space. The acquisition reflects Robinhood's commitment to navigating crypto regulations while growing its crypto business globally.