Robinhood has bought Bitstamp, a top crypto exchange which launched in 2011. By taking this action, the company demonstrates its desire to be a major player in the global crypto market. Robinhood’s Bitstamp Acquisition Will Expand Its Global Reach With offices in Luxembourg, the UK, Slovenia, Singapore and the U.S., Bitstamp is active in many countries. Due to these licenses, Robinhood can enter the EU, UK and Asian crypto markets more smoothly. Bitstamp has a reputation for being very reliable. Traders like the platform for its stable trade orders, extensive order books and well-built systems. As a result of acquiring Bitstamp, Robinhood will be working with more institutional clients. Until now, Robinhood focused mostly on U.S. retail customers. This acquisition allows the firm to grow globally and serve more serious crypto players. Bitstamp’s Trusted Infrastructure and Values Will Enhance Robinhood’s Crypto Offerings Robinhood’s General Manager of Crypto, Johann Kerbrat, said… Read More at Coingape.com
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