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Marvelous Officially closed the acquisition of $ 200 million Bitsampbringing one of the longest in the world cryptocurrency Exchange for the composition and signals a strategic shift beyond retailers and in the world of institutions.
The transaction with all the sad service, for the first time announced last year, gives Robinhood a direct international trace, including more than 50 active crypto licenses across Europe, the UK and Asia, also a established institutional client base, which has long been lacking in the retail supplement.
For the Robinhood deal, the transaction means transition to deeper waters: institutional crypto-steadki, lending and infrastructure, as well as the white-marker-like service, built for hedge funds, fintechs and registered investment advisers-all the necessary reliable systems for storage, detection, detection of tests.
“I would not call it a turn, “said Crypto CrryPto Johann Kerbrat.” For us, this combines the strengths of the two enterprises. We are one of the largest trading venues in the US … They have products that we do not have an order book, cry as a service, advanced API and lending and attitude, and through this we will be able to get into this space without starting from scratch. “
Robinhood, which launched Crypto Trading in 2018 and helped manage Mania Meme-Mania 2021, in recent months worked on the rebrand as a serious player at the next digital asset financing phase-which is increasingly determined by regulation, institutional capital and border competition.
“Now that we are starting to see how the regulatory clarity coming from Congress and Administration, more and more institutions want to get into the crypt,” Kerbrat said.
Bitstamp transaction gives it a start.
Founded in 2011, Bitstamp is known for its deep liquidity, compatible reputation and minimalist approach. Although not bright, Bitstamp has survived several market cycles and has arranged ancient relations with institutional partners across Europe and Asia – something Robinhood plans to use.
Previously this monthRobinhood also purchased Canadian cryo firm Wonderfi to enter the created Canada custom base.
“Robinhood is a market. We don’t match orders. And with Bitstamp we will have a reliable offer of products that really will allow us to build more on an active trader and advanced merchant,” Kerbrat said.
“It will be a big step for us and really diversify our crypto -bizes, not just from retailers in the US – to a global proposal,” he said.
It also gives Robinhood Adjustable to Europe, where the crystore rules are more clear than a fragile approach in the US
The company confirmed that it will support existing Bitstamp interfaces and operations while studying deeper integration over time. Bitstamp is already used behind the scenes for routing smart orders through the institutional web platform Robinhood, Robinhood Ledger.
“The flow we send to Bitstamp will make Bitstamp more alive – and attract more institutions,” Kerbrat said.
The acquisition is closed at a critical moment for robbery.
Fintech player continues to expand aggressively, including the list of new tokens, Running a formationand tease international products. Bitstamp regulatory services and licensing may offer an insulation measure because Robinhood is further pushing for new international markets.
Kerbrat said he did not rule out the possibility of other acquisitions.
“If we can find a way to speed up for at least 18 months or years – and we have a lot of great reasons to believe that this is a great acquisition – this is what we will definitely see,” he said.
