Robinhood (Hood) has completed its acquisition of Europe’s Crypto Exchange Bitstamp for $200 million.
The BitStamp website and app logo has been updated to read “Robinhood’s BitStamp.”
The deal, first announced last June, gives Robinhood an entry into the global crypto trading market for both retail and institutional.
Founded in 2011, Bitstamp is the world’s Longes Active Crypto Exchange and currently holds over 50 licenses and registrations worldwide.
Robinhood shares rose about 1.4% at just under $69 in pre-market trading on Tuesday.
