Robinhood Markets Inc. is transferring ahead with its acquisition of Bitstamp Ltd., a worldwide cryptocurrency change. As a part of this course of, Robinhood Crypto LLC has submitted a change of management utility to the New York Division of Monetary Companies (NYDFS), which introduced it acquired the applying on July 3, 2024. That is certainly one of a number of regulatory steps required for the acquisition, which is predicted to shut within the first half of 2025, pending approvals. Robinhood stated final month that it anticipates the ultimate deal worth to be round $200 million in money, topic to customary buy value changes. This acquisition is poised to considerably enhance Robinhood’s cryptocurrency choices and broaden its worldwide footprint.
