Today news
About the same in other media
Robinhood to buy crypto firm Bitstamp for $200m
Reading now: 417
finextra.comFounded in 2011, UK-based Bitstamp has over 50 active licenses and registrations globally and will bring in customers across the EU, UK, US and Asia to Robinhood, helping the platform take on major exchanges such as Coinbase.
Bitstamp’s core spot exchange, with over 85 tradable assets, and products like staking and lending, will also help Robinhood move beyond the retail market and secure institutional clients.
Johann Kerbrat, GM, Robinhood Crypto, says: “Through this strategic combination, we are better positioned to expand our footprint outside of the US and welcome institutional customers to Robinhood.”
The Bitstamp team will join Robinhood when the deal closes in the first half of next year, subject to closing conditions.
About this in other media
Billionaire Andrew Forrest’s Crypto Ad Scam Lawsuit Against Meta Will Go Ahead, Judge Rules cryptonews.com /6 months ago
Venezuela’s President Maduro Might Use Crypto to Evade Recent Sanctions, Critics Allege cryptonews.com /6 months ago
Bitcoin Price Prediction as Biden Admin Prepares for Bitcoin Strategy Meeting – Will BTC Rebound to Highs? cryptonews.com /6 months ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
