Robinhood (Hood) has officially concluded the Crypto Services Formans platform for its acquisition of the Crypto Bitstamp trading platform, which was founded in 2011 based in Luxembourg.
The All-Lush deal, which was first announced last year, provides Robinhood with an immediate international presence, with more than 50 active encryption licenses across Europe, the United Kingdom and Asia.
How Robinhood acquires a new competitive feature
This acquisition not only reinforces Robinhood’s organizational status, but also gives access to a capable institutional customer base that a retail trading platform lacks.
According to To Johann Kerbrat, General Manager of Robinhood Crypto, the deal revolves around synergy more than the full axis. “We are one of the largest retail markets in the United States,” noted that the combination of strengths in both Sharkin will allow Robinhood to enter new markets without starting zero.
It is worth noting that the deal with Bitstamp brings features such as request books, encryption offers as a service, an advanced application programming interface, lending and tricky options, which are decisive for institutional participation.
Robinhood, which she launched Crypting trading platform In 2018 he played an important role in the MMCin madness in 2021, working to restore the brand itself as a serious competitor in the sophisticated scene to finance digital assets.
Kerbrat noted that with the increased regulatory clarity of Congress, more institutions will seek to enter the coded currency area, and provides the company’s acquisition of the company at the beginning of the head.
Strategic transition to institutional encryption markets
Bitstamp is famously famous Liquidity And a compatible reputation. The stock exchange has moved to multiple market courses successfully and building strong relations with institutional partners throughout Europe and Asia – the resources that Robvent intends to benefit from.
Kerbrat confirmed that the Robinhood Market model, which does not include matching requests, will benefit from Bitstamp products offers, allowing the company to meet more effective for active and advanced traders.
The acquisition process also puts the company useful in Europe, where Crossed currency regulations It is defined more clearly compared to the organizational scene in the United States.
Currently, the company plans to maintain the current BITSTAP interfaces and processes while exploring the deeper integration in the future. BitStamp is already behind the scenes to direct smart orders through the Robinhood Establishment platform, Robinhood Ledger.
With the continued expansion of Robinhood, including inserting new symbols and launching stokeing services, the Bitstamp deal reaches a decisive turn. The organizational registration and licensing portfolio may provide Bitstamp Robinhood with a buffer while it is adventurous in new international markets.
Kerbrat did not rule out the possibility of more acquisitions, saying: “If we can find a way to accelerate for at least 18 months or two years, and we have many great reasons for the belief that this is a great acquisition, then this is something that we will definitely look at.”
After announcing the acquisition, Hood shares were closed today at a value of $ 71.72. This represents an increase of 5 % over the past 24 hours.
Distinctive image from Dall-E, Chart from TradingView.com
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The post Bitstamp Acquisition: Robinhood Gains Over 50 Global Crypto Licenses first appeared on Investorempires.com.
