Robinhood’s Acquisition of Bitstamp Expands Its Global Reach

Crypto is becoming an increasingly important part of Robinhood’s business and, despite receiving a Wells Notice from the U.S. Securities and Exchange Commission (SEC) last month, the trading platform continues to expand its digital assets business, investment bank Architect Partners said in a Friday report. The expansion is evidenced by the recent agreement to buy crypto exchange Bitstamp, the bank said. The Bitstamp acquisition will also expand Robinhood’s institutional offering, which positions the trading platform as one of the “few publicly traded crypto-influenced companies,” the note said.

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