Robinhood ended its acquisition of Bitstamp, which represents an important step in expanding the American trading platform in global cryptocurrency and institutional services.
The deal brings Bitstamp to a long time to the Robinhood portfolio, adding retailers and institutions across the European Union, the United Kingdom, the United States and Asia.
Bitstamp was founded in 2011, holds more than 50 licenses and active registration worldwide and manages offices in Luxembourg, the United Kingdom, Slovenia, Singapore and the United States
The acquisition gives Robenol a strong foot in the institutional coding space for the first time.
Robinhood says bitstamp is known as deep liquidity, trusted implementation and a strong API infrastructure, as well as services including encryption as service, institutional lending and tricks.
“The Bitstamp is a big step in developing our encrypted business. The high -confidence -confidence -confidence stock showed flexibility through market courses,” said Johann Kerbrat, General Manager of Robinhood Crypto.
“Bring the Bitstamp platform and his experience to the Robinhood ecosystem will give users a reinforced trading experience with a continuous commitment to compliance, security and customer’s developer,” added the CEO of BitStamp JB Graftieaux.
Robenol said that the customers of both platforms will continue to obtain the same levels of service and security, while the group is expected to speed up international innovation and expansion.