Robinhood’s $200M Acquisition of Bitstamp: A Strategic Move to Dominate the Global Crypto Market
In a move to boost its global cryptocurrency presence and attract institutional investors, Robinhood, the popular trading platform (HOOD), announced an agreement to acquire Bitstamp, a well-established crypto exchange. The all-cash deal valued at $200 million is expected to finalize in the first half of 2025, subject to regulatory approvals. This strategic acquisition will allow…