Robinhood will acquire the global cryptocurrency exchange platform Bitstamp.

ChainCatcher news, the American trading platform Robinhood has agreed to acquire the UK-based cryptocurrency exchange Bitstamp for $200 million in cash, expected to be completed in the first half of 2025.

According to Web3 asset data platform RootData, Bitstamp was founded in 2011 and is a global cryptocurrency exchange that provides a secure and reliable platform for anyone to exchange traditional currency for a range of world-leading cryptocurrencies. Since 2011, Bitstamp has earned the trust of over 4 million individuals and financial institutions. This acquisition aims to help Robinhood expand its cryptocurrency business globally and attract institutional clients.