Hi HODLers, Hiveans and Lions,
RobinHood the fintech which became popular following the MEME stock craze back in 2020-2021 had acquired Bitstamp, a cryptocurrency exchange platform, for 200 million dollars.
With more than 50 active licenses and registrations worldwide, Bitstamp represents a strategic opportunity for Robinhood. This acquisition provides a solid foundation for the company’s global expansion.
Robinhood has been one of the major onramp to go from legacy finance to cryptocurrencies for normies.
This is a very interesting and positive acquisition for the cryptoworld in my opinion.. Robinhood master stock and options trading. It ventured into cryptocurrencies and retirement accounts. Lately it built a somewhat sizeable retirement business with a big promotion for users to bring their IRAs.
At the same time, it has been pushing to consolidate its Crypto business and has ambitions to move to Europe (where I believe it would have a sizeable tech and product advantage versus existing banks).
“The acquisition of Bitstamp is a major step in the growth of our crypto business. “
Some are voicing concerns that Europe is going to lose its crypto companies one by one!
In any case, I added $HOOD in my stock portfolio a while back as MEME stocks ad Cryptos were performing well, I believe #RobinHood would benefit from it.
Stay safe out there,
Stay safe out there,
Posted Using InLeo Alpha
I wouldn't trust Robinhood to do any good, not how they halted the trading of meme stocks because hedge funds lost billions xD
Yup… can’t say I feel very good betting on a company that I have low esteem for…
Smart move since they get more and direct exposure to Crypto.
Indeed! As well as traditional finance and retirement accounts.