Robinhood Markets Inks Pact To Acquire Bitstamp: Deal To Bring Bitstamp's Globally-scaled Crypto Exchange To Robinhood, With Retail And Institutional Customers Across EU, UK, US And Asia; Acquisition To Close First Half Of 2025
Portfolio Pulse from Benzinga Newsdesk
Robinhood Markets has announced an agreement to acquire Bitstamp, a globally-scaled crypto exchange. This acquisition will expand Robinhood's reach to retail and institutional customers across the EU, UK, US, and Asia. The deal is expected to close in the first half of 2025.
June 06, 2024 | 11:15 am
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Robinhood Markets is set to acquire Bitstamp, enhancing its global presence in the crypto exchange market. The acquisition will provide access to retail and institutional customers across multiple regions, potentially boosting Robinhood's market share and revenue streams.
The acquisition of Bitstamp by Robinhood Markets is a strategic move to enhance its presence in the global crypto exchange market. This expansion is likely to attract more customers and increase revenue, positively impacting the stock price in the short term.
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