Robinhood Acquires Bitstamp Due to Its Ownership of Over 50 Licenses in Europe and Other Markets
2024-06-06 14:54:52
On June 6, according to Fortune magazine, Robinhood announced the acquisition of cryptocurrency exchange Bitstamp for $200 million. In addition to adding 4 million to 5 million new cryptocurrency customers for Robinhood, Robinhood executed the acquisition transaction. Another important reason is to allow it to take over and obtain more than 50 licenses owned by Bitstamp in Europe and globally.
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