Robinhood’s strategic expansion
Bitstamp has been actively acquired for $200 million by Robinhood, which marks a major move into the global cryptocurrency market. With this acquisition Robin needs not only to undertake things from his own bank account but in addition affords strength of presence across Europe where it is strong (via Bitstamp).
Enriching Capabilities
By incorporating Bitstamp’s solid trading platform, Robinhood is confronting head-on with major players like Coinbase and Binance. Taking this step Robinhood has positioned itself in a terribly strategic way to change the crypto trading experience for its user base all over the globe.
Commitment To Growth
The purchase signals Robinhood’s commitment to not just participate in the evolving landscape of crypto, but lead there. It is a bold move by Robinhood. He’s aiming to change what services he offers, so that in dynamic crypto trading industry is competitive with a chance of success.
