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Robinhood Markets has finalized its $200 million acquisition of Luxembourg-based crypto exchange Bitstamp, marking its largest deal to date. The all-cash transaction grants Robinhood access to 50 global crypto licenses and an extensive institutional client base.
- Robinhood gains 50 global crypto licenses through the Bitstamp acquisition, easing regulatory hurdles in the EU, UK, and Asia.
- Bitstamp will continue operating under its current brand, maintaining service and security standards post-acquisition.
- The deal aligns with Robinhood's broader crypto expansion strategy, including a pending $179 million acquisition of WonderFi.
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