Robinhood Markets Inc
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HOOD
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$40.08
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-1.79%
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$40.07
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$40.53
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$38.78
Thu, June 6, 2024 | 9:01AM ET
Robinhood (HOOD-1.79% ) is acquiring Bitstamp in a $200 million deal expected to close in the first half of next year, aiming to expand its crypto and stock trading platform internationally and attract institutional crypto clients. The acquisition will enhance Robinhood's crypto offerings with Bitstamp's established global exchange, staking, and lending products, likely giving HOOD's price action closer proximity to crypto prices.
