To close first half 2025 (Il Sole 24 Ore Radiocor) - New York, 06 Jun - Trading platform Robinhood Markets said it has agreed to buy global cryptocurrency exchange Bitstamp for around 200 million dollars in cash.

The move is Robinhood's biggest ever deal as it looks to acquire digital assets.

The acquisition, subject to customary closing conditions including regulatory approvals, is expected to close in the first half of 2025.

'The acquisition of Bitstamp is a major step in growing our crypto business," said Johann Kerbrat, General Manager of Robinhood Crypto. 'Through this strategic combination, we are better positioned to expand our footprint outside of the US and welcome institutional customers to Robinhood.'.

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(RADIOCOR) 06-06-24 19:19:49 (0689) 5 NNNN