BTCC
/
BTCC Square
/
CoindeskEN
/
Robinhood Drops $200M to Swallow Bitstamp—Wall Street’s Crypto Play Goes Global
Robinhood Drops $200M to Swallow Bitstamp—Wall Street’s Crypto Play Goes Global
13
3
Robinhood just bulldozed its way deeper into crypto with a nine-figure buyout of Bitstamp. The deal—inked for a cool $200 million—signals the trading app’s hunger for a bigger slice of the digital asset pie.
Why it matters: The acquisition gives Robinhood instant credibility in Europe and Asia, where Bitstamp’s regulatory licenses are pure gold. Suddenly, the ’hood isn’t just for meme-stock gamblers anymore.
The cynical take: Nothing says ’mature financial platform’ like spending IPO cash to buy your way into legitimacy. But hey—when the SEC’s breathing down your neck, maybe a $200M distraction is just the ticket.
By:
