Robinhood Swallows Bitstamp in Bold Crypto Power Grab
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Robinhood just threw down $200 million to devour Bitstamp—because nothing says ’democratizing finance’ like buying your way into the big leagues.
The deal gives the retail-trading darling instant global crypto cred, with Bitstamp’s licenses and institutional clout. Now watch as zero-commission stock bros try to play with the OGs.
Funny how ’disruptors’ always end up playing the same old acquisition game. Maybe Web3 isn’t so decentralized after all.
Robinhood has acquired Bitstamp, one of the oldest and well-known cryptocurrency exchanges, for a worth of $200 million. Through this acquisition, it aims to go global and become a big player in the global cryptocurrency sector. Read More
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