Robinhood Acquires Bitstamp for $200M, Boosting Crypto Ambitions

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.