<a href="https://bitcoinworld.co.in/robinhood-moves-forward-with-acquisition-of-bitstamp/" title="Robinhood Moves Forward With Acquisition of Bitstamp" rel="nofollow"></a>
<a href="http://robinhood">Robinhood</a> Markets Inc. is moving forward with its acquisition of Bitstamp Ltd., a global cryptocurrency exchange.&nbsp; 
As part of this process, <a href="https://bitcoinworld.co.in/robinhood-clo-may-replace-sec-chair-gensler-under-trumps-presidency/">Robinhood</a> Crypto LLC has submitted a change of control application to the New York Department of Financial Services (NYDFS), which announced it received the application on July 3, 2024.&nbsp; 
This is one of several regulatory steps required for the acquisition, which is expected to close in the first half of 2025, pending approvals.&nbsp; 
Robinhood said last month that it anticipates the final deal value to be around $200 million in cash, subject to customary purchase price adjustments.&nbsp; 
This acquisition is poised to significantly boost Robinhood’s cryptocurrency offerings and broaden its international footprint.

Robinhood Moves Forward With Acquisition of Bitstamp

ItsBitcoinWorld

Other articles published on Jul 8, 2024

Ripple vs. SEC: Whale Transfers 37.39 Million XRP Amid Case Settlement Speculations

BTC price risks ‘double top’ — 5 things to know in Bitcoin this week

Coinbase Impersonators Scam User About $1.7 Million

Cardano ADA Price Drops and Resistance Levels

Investors Brace Up for US Election Outcomes as Crypto ‘Hits the Ballot’

Breaking: VanEck Files Spot Ethereum ETF S-1 Amendment

Join our free newsletter for daily crypto updates!