US-based brokerage agency Robinhood has formally acquired Luxembourg-headquartered crypto alternate Bitstamp. In an announcement posted on June 2, Robinhood stated that it paid $200 million (roughly Rs. 1,709 crore) in money to finish this acquisition. With this, Robinhood has now added over 50 licences held by Bitstamp to its personal community. Johann Kerbrat, the overall supervisor of Robinhood Crypto had first spoken in regards to the plan to accumulate Bitstamp final yr throughout an interview with the Wall Road Journal.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.