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On Thursday, Robinhood announced it was set to acquire Bitstamp in a potential $200M deal to double down on crypto and expand its presence globally. The acquisition not only aims to bring in Bitstamp’s retail customers in the EU, UK, U.S., and Asia, but also its institutional customers — expanding Robinhood’s offerings to a whole new investor class.
Founded in 2011, Bitstamp is the oldest crypto exchange with over 50 global licenses, supporting over 85 tradable assets. Against the backdrop of ongoing legal issues with the SEC, Robinhood's acquisition of Bitstamp showcases its commitment to crypto and its anticipation of further high demand.
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