Robinhood completed the Bitstamp Luxembourg Cryptan for $ 200 million. Broker gained access to more than 500,000 platform users and a potential annual operating profit of $ 95 million.

In addition to expanding the client base, the Bitstamp transaction has provided Robinhood access to more than 50 active licenses and registrations in Europe, Great Britain, the USA and Asia.

Robinhood noted that the cryptorrotor has successfully integrated Bitstamp services with Robinhood Legend and Smart Exchange Routing systems, which expanded the company’s capabilities regarding the provision of lending, staiking and solutions to “Cryptocurrency as a service” for hedge funds, fintechnic companies and fintechnic companies and confrontation investment consultants.

According to the General Director of Robinhood, Vladimir Tenev, acquisition of Bitstamp Strengthens The company’s positions as a global player in the international crypto industry and can be a “huge breakthrough” for secondary cryptors. The transaction opens the way to tokenize real assets, such as shares of private companies, which was previously limited due to regulatory risks in the United States.

Earlier, the US Securities and Exchange Commission (SEC) announced the termination of the investigation against the cryptocurrency division of Robinhood without any legal consequences.