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Robinhood acquires Bitstamp to cope with strict regulation by the US SEC

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#DeFi
Odaily
345Words
Jun 9, 2024

Investment bank Architect Partners stated that Robinhood's acquisition of Bitstamp could reduce the strong regulatory impact of the U.S. Securities and Exchange Commission (SEC). Robinhood's cryptocurrency business is gradually increasing its share of total revenue, despite receiving a Wells notice from the SEC last month, indicating potential enforcement action. The company is still expanding its digital asset business. The acquisition of Bitstamp not only enhances Robinhood's global influence but also helps it resist potential U.S. regulatory measures on a global scale.

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