By: Economic & Finance Report

Robinhood is betting huge on digital currency. The trading app has indicated that it will purchase crypto exchange Bitstamp for approx. $200 million dollars.

The deal is supposed to close in early 2025. It will be Robinhood’s biggest acquisition in digital asset classes. The buyout for Bitstamp, will now place Robinhood in direct competition with Coinbase. -SB

Image Source: Quartz

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