Robinhood expands crypto efforts with $200M purchase of Bitstamp

Robinhood has previously identified "winning the active trader market," "increasing wallet share" and expanding outside the U.S. as key areas for future growth. In a press release, the company said it expects to pay about $200 million in cash as part of the deal to become the owner of the cryptocurrency exchange. It is aiming to complete the acquisition sometime in the first six months of next year. CLICK HERE TO READ MORE ON FOX BUSINESS CRYPTO INDUSTRY FIGHTS BACK AGAINST GOVERNMENT CRACKDOWN GET FOX BUSI ...