Odaily News Robinhood has completed its $200 million cash acquisition of Luxembourg-based cryptocurrency exchange Bitstamp. The acquisition adds more than 50 licenses and registrations to Robinhood’s crypto business and brings a mature institutional client base.
Bitstamp has more than 5,000 institutional clients and 50,000 retail users, with the majority of its trading volume coming from institutional clients. Robinhood said the acquisition significantly expanded its crypto business in Europe, the UK and Asia. Robinhood also said it would not rule out more crypto acquisitions in the future. (Cointelegraph)