Robinhood expands crypto efforts with $200M purchase of Bitstamp

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. The deal comes as Robinhood works to boost its international footprint and expand into institutional business offerings. CLICK HERE TO READ MORE ON FOX BUSINESS The company highlighted Bitstamp’s more than 50 active licenses and registrations around the world and to its base of customers...