Robinhood Markets Inc. is buying crytocurrency exchange Bitstamp for about $200 million as the company looks to speed up its cryptocurrency expansion globally. Bitstamp, founded in 2011, has offices in Luxembourg, the UK, Slovenia, Singapore, and the US.
FILE - Electronic screens in New York’s Times Square announce the Robinhood IPO, July 29, 2021. Robinhood Markets Inc. is buying crytocurrency exchange Bitstamp, Thursday, June 6, 2024, for about $200 million as the company looks to speed up its cryptocurrency expansion globally. Robinhood Markets Inc. is buying crytocurrency exchange Bitstamp for about $200 million in cash as the company looks to speed up its cryptocurrency expansion globally.
Bitstamp, founded in 2011, has offices in Luxembourg, the UK, Slovenia, Singapore, and the US. It has more than 50 active licenses and registrations worldwide and customers across the European Union, United Kingdom, United States and Asia.“Bitstamp’s highly trusted and long standing global exchange has shown resilience through market cycles.
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Robinhood to Buy Crypto Exchange Bitstamp in Effort to Expand Outside the U.S.Helene is a New York-based reporter covering Wall Street, the rise of the spot bitcoin ETFs and crypto exchanges. She is also the co-host of CoinDesk's Markets Daily show. Helene is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
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