Robinhood Completes $200M Acquisition of Crypto Exchange Bitstamp

Robinhood (HOOD) has completed the acquisition of European crypto exhange Bitstamp for $200 million.

The logos on Bitstamp’s website and app have been updated to read “Bitstamp by Robinhood.”

The deal, which was first announced in June of last year, gives Robinhood an entry into the global crypto trading market, both retail and institutional.

Founded in 2011, Bitstamp is the world’s longes active crypto exchange and now holds over 50 licenses and registrations around the world.

Robinhood shares traded around 1.4% higher at just under $69 in pre-market trading Tuesday.