The acquisition would bring Bitstamp's crypto exchange — with retail and institutional customers in the EU, UK, U.S. and Asia — to Robinhood.
Robinhood is set to acquire Bitstamp in a potential $200 million deal designed to better position the crypto and stock trading platform for expansion outside of the U.S.
Barclays Capital Inc. served as the exclusive financial advisor to Robinhood, and Galaxy Digital Partners LLC served as the exclusive financial advisor to Bitstamp, according to the statement. “The acquisition of Bitstamp is a major step in growing our crypto business,” Johann Kerbrat, General Manager of Robinhood Crypto, said. “Bitstamp’s highly trusted and long-standing global exchange has shown resilience through market cycles … has established one of the strongest reputations across retail and institutional crypto investors. Through this strategic combination, we are better positioned to expand our footprint outside of the U.S. and welcome institutional customers to Robinhood.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Robinhood buying crytocurrency exchange Bitstamp for about $200 millionRobinhood Markets Inc. is buying crytocurrency exchange Bitstamp for about $200 million as the company looks to speed up its cryptocurrency expansion globally
Read more »
Breaking: Robinhood to Buy Crypto Giant BitstampRobinhood will acquire Bitstamp in order to expand into non-US markets and offer products for institutional clients
Read more »
Robinhood to buy Bitstamp crypto exchange to enable institutional trading in USRobinhood’s $200 million acquisition deal comes despite receiving a Wells notice form the SEC a month earlier.
Read more »
Robinhood Bets Big on Crypto with $200M Acquisition of BitstampCrypto Blog
Read more »
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.
Read more »
Save $200 on this previous-gen iPad Air that’s still pretty powerful at AmazonAmanda Reed is a commerce updates writer at Popular Science. She makes sure all product round-ups are up-to-date, shares deals happening all over the internet, and reviews various gizmos and gadgets. She lives in Pittsburgh with JunkJunk, a handsome, sad-looking tuxedo cat who only wants wet food and attention.
Read more »