Robinhood (HOOD) has accomplished the acquisition of European crypto exhange Bitstamp for $200 million.
The logos on Bitstamp’s web site and app have been up to date to learn “Bitstamp by Robinhood.”
The deal, which was first introduced in June of final 12 months, provides Robinhood an entry into the worldwide crypto buying and selling market, each retail and institutional.
Based in 2011, Bitstamp is the world’s longes energetic crypto change and now holds over 50 licenses and registrations around the globe.
Robinhood shares traded round 1.4% larger at slightly below $69 in pre-market buying and selling Tuesday.
