HomeBTC UpdatesRobinhood confirms acquisition of Bitstamp

Robinhood confirms acquisition of Bitstamp

Published on


Robinhood Acquires Bitstamp: Expanding Crypto Reach Globally

Robinhood, the popular trading platform, has made a significant move in the crypto world with its recent acquisition of Bitstamp. This acquisition will not only expand Robinhood’s reach outside the US but also bring Bitstamp’s renowned exchange to its user base.

Bitstamp, founded in 2021, has established itself as a trusted global crypto exchange with offices in multiple countries. By acquiring Bitstamp, Robinhood aims to enhance its crypto expansion globally, offering Bitstamp’s services to users in Asia, the US, the UK, and the EU.

This acquisition also marks Robinhood’s entry into the institutional business, as Bitstamp is known for its deep order books, API connectivity, and trade execution. The exchange provides institutional tools such as Bitstamp as a Service, institutional staking, and lending, which will enable Robinhood to enter the market with established relationships and market-leading products.

Johann Kerbrat, Robinhood’s General Manager, expressed excitement about the acquisition, stating that it is a significant step in boosting Robinhood’s crypto ventures. With Bitstamp’s reputation and customer experience, Robinhood is positioning itself to expand its reach globally and provide institutional clients with the necessary tools.

Overall, the acquisition of Bitstamp by Robinhood signifies a strategic move in the crypto market, allowing Robinhood to tap into new markets and offer a wider range of services to its users.

Latest articles

BlockDAG’s Updates Dashboard During XRP Recovery and Dogwifhat Surges

BlockDAG's Recent Dashboard Enhancements and Whale Movements: A Market Analysis BlockDAG's Recent Dashboard Enhancements...

Has the Bitcoin Bottom Been Reached? Expert in Cryptocurrency Forecasts Positive Price Reversal

Crypto Expert Predicts Bullish Price Reversal for Bitcoin Crypto Expert Predicts Bullish Price Reversal...

Price Forecast for ETHPoW (ETHW) in 2022, 2023, 2024, and 2025

ETHPoW Price Analysis ETHPoW (ETHW) has been making waves in the cryptocurrency market with...

Analyst Predicts Bitcoin Will Keep Dropping – Here’s Why

Bitcoin Traders Brace For More Losses Amid Consolidation The cryptocurrency market is currently in...

More like this

BlockDAG’s Updates Dashboard During XRP Recovery and Dogwifhat Surges

BlockDAG's Recent Dashboard Enhancements and Whale Movements: A Market Analysis BlockDAG's Recent Dashboard Enhancements...

Has the Bitcoin Bottom Been Reached? Expert in Cryptocurrency Forecasts Positive Price Reversal

Crypto Expert Predicts Bullish Price Reversal for Bitcoin Crypto Expert Predicts Bullish Price Reversal...

Price Forecast for ETHPoW (ETHW) in 2022, 2023, 2024, and 2025

ETHPoW Price Analysis ETHPoW (ETHW) has been making waves in the cryptocurrency market with...
bitcoin
Bitcoin (BTC) $ 96,311.80
ethereum
Ethereum (ETH) $ 2,633.97
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.42
solana
Solana (SOL) $ 200.09
bnb
BNB (BNB) $ 624.66
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.251819
staked-ether
Lido Staked Ether (STETH) $ 2,630.18
cardano
Cardano (ADA) $ 0.687153