In a major industry development, Robinhood has acquired Bitstamp, one of the world's oldest cryptocurrency exchanges, for $200 million.
This strategic move aims to bolster Robinhood's global crypto presence and diversify its offerings beyond the U.S. market.
The acquisition is expected to enhance Robinhood's capabilities in providing institutional-grade trading services and accessing a broader customer base.
This acquisition could impact major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), as increased institutional participation may influence market dynamics.
