Robinhood’s $200 million acquisition deal comes despite receiving a Wells notice from the SEC a month earlier.
Stock trading app Robinhood is expanding its presence in the cryptocurrency industry by acquiring the Bitstamp cryptocurrency exchange.
Robinhood will purchase Bitstamp in a $200 million deal, enabling the app to serve institutional clients in the United States.
The deal, subject to regulatory approval, is expected to be finalized in the first half of 2025.