Robinhood has announced its acquisition of the cryptocurrency exchange Bitstamp in a $200 million deal, acquired at a 50% discount to its 2018 valuation. This strategic move aims to bolster Robinhood's presence in the cryptocurrency market and accelerate its international expansion. CEO Vlad Tenev highlighted that the acquisition will bring an exchange platform to Robinhood, enhancing its crypto offerings and attracting wealthy investors. The deal, expected to close in the first half of 2025, is seen as a significant step for Robinhood to compete with other major players like Coinbase and Kraken. The market has responded positively to this acquisition, with Robinhood's stock showing gains.
🌐Get up to speed on everything you've missed in this week's news catch-up. From Ex-US officials plea to State Department to act on Binance exec's arrest in Nigeria to Robinhood’s $200M Bitstamp acquisition... #CryptoNews #CryptoRegulation #Bitcoin https://t.co/fX3YH1hutV
The #Bitstamp deal will introduce a new revenue stream for #Robinhood from institutional crypto clients. Should #Coinbase be worried? https://t.co/fKJ6W2pWZI
Robinhood’s deal to buy Bitstamp will likely have “modest” financial implications at first, but there could be “significant drivers” down the line https://t.co/tKLidi8OVI
Here are the top 3 #CryptoTrends from this week: 🥳 @RobinhoodApp has officially entered into an agreement to acquire #Bitstamp 🚀 #Bitcoin crossed $71k as $BTC ETFs saw $880m inflows on Tuesday 🎯 @vaneck_us analysts raised #Ethereum price target to $22,000 by 2030 https://t.co/6m2MSSmj6O
[COINDESK] Robinhood’s #Bitstamp Deal is Strategic and Brings Added Institutional Exposure: Bernstein $HOOD https://t.co/wdQZLobkLS
.@BernsteinBuzz says $HOOD’s acquisition of @Bitstamp is strategic, and the deal positions the trading platform well against competitors such as $COIN and @krakenfx. @willcanny99 reports. https://t.co/zxCFgSzpBn
$HOOD has agreed to buy U.K.-based crypto exchange @bitstamp in a $200 million deal that is expected to close in the first half of 2025. https://t.co/5JqAYzHIls
Robinhood renewed focus on crypto as the endgame of financial markets is very bullish btw
Need to catch up on the news? Here's our top 5 from today: 🔹Robinhood to buy @Bitstamp crypto exchange 🔸#Bitcoin Wyckoff pattern eyes $85K, but $BTC price must close the week above this level first 🔹$BNB blasts past $700. Is there a limit to this rally? 🔸Franklin…
I like @RobinhoodApp buying a crypto exchange...the international markets worth pursuing this way I'm still surprised @coinbase never tried to compete with Robinhood seeing they are already knee deep in SEC headaches already and have a massive customer base and allow GME yolo
Robinhood crypto head says Bitstamp will help lure wealthy investors https://t.co/PwZwyYgf25
$HOOD topping the tape after inking a deal to acquire crypto exchange Bitstamp! @GuyAdami, @timseymour and @RiskReversal digest the move and what's ahead for competitor $COIN https://t.co/YDnYc0d23N
robinhood buying bitstamp is indicative of a larger shift in sentiment among the suits, in very recent memory - eth etf effectively approved - trump leaning hard into crypto - all-in bros moon mathing bitcoin - CME looking into a spot crypto exchange - reignition of flows into…
“It accelerates our plans for international expansion, particularly in crypto," says Robinhood CEO @vladtenev on what excites him about acquiring @Bitstamp. "Second it brings an exchange to Robinhood." https://t.co/mCwqDlLtBy
Robinhood is fully committing to cryptocurrency. Central banks are cutting interest rates. Asset managers are allocating billions to Bitcoin. The US regulatory environment is swiftly becoming more favorable. Coinbase is driving widespread blockchain adoption. An Ethereum ETF has…
$HOOD: $1 billion share buy back, acquisition of Bittstamp crypto exchange, $20 billion of 24hr market trading vol, s-tier credit card launching any day now, crushing literally all user growth metrics.. we like the stock 🤌 https://t.co/0HMkJrt1ca
Seems like @vladtenev is setting up @RobinhoodApp to crush it in crypto - this cycle and long-term. First, going to the heart of #DeFi via $ARB partnership. Now, making a key acquisition to expand from brokerage to exchange biz model (arguably better) & grow outside of the US.
$HOOD The market really likes this crypto deal Robinhood made today… In the past 5 months Robinhood has: 1.) Unveiled a 3% cashback credit card 2.) Given a 1% match on brokerage transfers and now all transfers 3.) Cut margin rates in half 4.) Introduced a new crypto trading… https://t.co/a4WAPNCCJc
I really like the bitstamp acquisition For everyone, robinhood, the original owners, and the space
After force selling people's Solana at the pico bottom of the bear market, Robinhood has now turned 180 degrees and acquired BitStamp to play catch up on rising crypto volumes https://t.co/P4MdNGzFEh
After force selling people's Solana at the pico bottom of the bear market, RobinHood has now turned 180 degrees and acquired BitStamp to play catch up on rising crypto volumes https://t.co/P4MdNGzFEh
SPECS DAILY ⌐◩-◩ 6/6/24: Robinhood's Next Chapter 🪶🪙🇨🇳\ 1. Robinhood acquires Bitstamp in $200M deal 2. Coinbase debuts smart wallet aiming for 1B users 3. Bybit opens registration to Chinese users *Sponsored by @CryptoPunks_ce → The premier marketplace for punk traders… https://t.co/tfbQMd0afT
So Robinhood acqui-hired Bitstamp for a 50% discount to it's 2018 valuation
NEW‼️ - Robinhood CEO Vlad Tenev on the acquisition of cryptocurrency exchange Bitstamp: #Bitcoin https://t.co/3BXpMaiDAe
$HOOD buying bitstamp larry fink embracing $ETH the stock traders on hood are becoming crypto natives crypto is becoming tradfi, or tradfi crypto, however u want to look at it they tried to separate crypto and crush it well they failed, gg, its supercycle time (unironically) https://t.co/s2etok6a0n
Robinhood CEO and co-founder Vlad Tenev joined @SquawkCNBC to discuss the company’s acquisition of cryptocurrency exchange Bitstamp, what it means for the company’s crypto and expansion plans, his thoughts on Roaring Kitty, and more. https://t.co/4Ch5OJkfrC https://t.co/YkVuqTieTV
Central banks cutting rates, institutions bidding BTC, ETFs devouring assets, US regulatory outlook rapidly improving, Coinbase bringing the masses onchain, Robinhood going all in crypto, all while we quietly consolidate at ATHs. It’s time to lock-in if you haven’t already.
Robinhood is going all in on crypto Bullish https://t.co/rYzFoHKgMq