Robinhood Logo | Image of Robinhood @ Robinhoodapp / X; Cryptographic context | Image by Canva
Robinhood, the popular stock trafficking application, has officially bought the Crypto Bitstamp market platform for around 200 million dollars, marking a huge step in the company’s ambitions to extend its global cryptocurrency imprint.
Founded in 2011, Bitstamp is one of the oldest cryptocurrency exchanges in the world, bearing a rare reputation for a little reliability in the growing field of digital currency in the past 15 years. With more than 50 active and registration licenses covering Europe, the United Kingdom, the United States and Asia, the acquisition should bring new expertise and new customers to the already popular application of Robinhood.
“Bitstamp acquisition is a major step in the growth of our crypto business. The very reliable and long -standing world scholarship has shown resilience thanks to market cycles. press release.
“By integrating Bitstamp offers and infrastructure, we are well placed to develop beyond the United States and contact institutional customers who require deep liquidity and robust commercial execution,” added Kerbrat.
This decision also marks Robinhood’s first dive in “institutional cryptography services”, explaining unique bitstamp products and services for digital currencies.
For Bitstamp, acquisition is a sign of its longevity and its impact on the often volatile cryptography market.
“The contribution of the Bitstamp platform and expertise in the Robinhood system will offer users an improved negotiation experience with continuous commitment in terms of compliance, security and customer centricity,” said JB Graftieaux, CEO of Bitstamp.
The two companies said that the transition would not disrupt any current customer service.
The acquisition comes in the middle of an increased regulatory examination of digital assets, in particular cryptocurrencies. The leaders of the United States and Europe call for more strict surveillance of the exchanges of cryptography, as previously covered by The Dallas Express.
Robinhood’s decision to acquire the license and regulated global exchange company of 200 million dollars could be a strategic pivot to navigate the landscape of digital currency in constant evolution while capturing new customers.
However, this is not the first big business impact on the crypto this week.
GameStop has just announced that he had bought more than $ 500 million Bitcoin, as previously covered by Dx. This decision follows the previous decision of Gamesop to include Bitcoin in its financial reserves and its March announcement of a sale of convertible bonds of $ 1.3 billion intended to finance the general needs of companies, Crypto included.
It seems that most large companies in America are impatient, and even less to buy, the future of cryptocurrencies.
