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Title: Robinhood purchases the bitcoin price watcher for WO BitStamp for 200 Million Post by: rdbase on June 10, 2024, 01:35:37 PM The investment bank Robinhood made a confident acquisition of a long time in the business crypto exchange last week.
You know they want to stay in the SEC cryptocurrency regulatory board and the bitcoin maximalists for their core spot on the bitcoin price good graces with the purchase of well known crypto exchange BitStamp for $200 million USD cash. https://talkimg.com/images/2024/06/10/cvEZ2.jpeg source: https://thepaypers.com/cryptocurrencies/robinhood-to-acquire-bitstamp-for-usd-200-mln-in-cash--1268518 https://talkimg.com/images/2024/06/10/cvsBP.jpeg source: https://www.cointribune.com/en/crypto-robinhood-acquires-bitstamp-for-200-million https://talkimg.com/images/2024/06/10/cvJmf.jpeg https://talkimg.com/images/2024/06/10/cvf0D.jpeg and lastly coindesk: https://www.coindesk.com/business/2024/06/10/robinhoods-acquisition-of-bitstamp-expands-its-global-reach-architect-partners Does the culmination of these two big companies in their own respectful professions bring fourth acceptance of institutional markets into the cryptocurrency one? Title: Re: Robinhood purchases the bitcoin price watcher for WO BitStamp for 200 Million Post by: DaveF on June 10, 2024, 03:56:41 PM I'm putting it more as a US based company that has mostly US based clients (Robinhood) wanted to expand their crypto portfolio into more parts of the world and buying BitStamp is a move in that direction.
This way if their crypto trading side gets shut down in the US for some reason they have an non US based platform to keep them going. -Dave Title: Re: Robinhood purchases the bitcoin price watcher for WO BitStamp for 200 Million Post by: rdbase on June 11, 2024, 09:00:55 AM True DaveF,
It is a smart move to make as the US has the most strict regulation laws when it comes to cryptocurrency. Just look at Coinbase and the redtape they have had to go through to just be in the forefront of the mass adoption of bitcoin in the public eye, having commercials during live sporting events is enormous at a grand scale. So this purchase of BitStamp is also a good move for it's own clientbase. Noticed some key elements while looking at what one of the founders of the company has achieved since it's inception on 2011: https://talkimg.com/images/2024/06/11/cyflH.jpeg https://www.crunchbase.com/person/nejc-kodric "The deal add four to five million new cryptocurrency customers to the company but, more significantly, it will also let the popular trading app take over the 50 licenses that Bitstamp has in Europe and around the world." source: https://fortune.com/crypto/2024/06/06/robinhood-just-made-a-very-big-bet-on-crypto-what-the-200-million-bitstamp-deal-means-for-the-company Another interesting read to see what implications it brings along with it at the Wall Street Journal from an American standpoint on this deal: https://www.wsj.com/business/deals/robinhood-doubles-down-on-crypto-with-deal-for-bitstamp-eade3276 Title: Re: Robinhood purchases the bitcoin price watcher for WO BitStamp for 200 Million Post by: JusticeSolus on June 11, 2024, 07:17:08 PM That's exciting.
A lot of people from my job that used crypto for the first time used it through Robinhood. Good to see they are doing something that could benefit their clients. Some of them hold all of their crypto on Robinhood though, which I try to tell them isn't a good idea but you guys know how that conversation ends up with normal people lol. Title: Re: Robinhood purchases the bitcoin price watcher for WO BitStamp for 200 Million Post by: criptoevangelista on June 12, 2024, 03:36:35 PM I'm putting it more as a US based company that has mostly US based clients (Robinhood) wanted to expand their crypto portfolio into more parts of the world and buying BitStamp is a move in that direction. This way if their crypto trading side gets shut down in the US for some reason they have an non US based platform to keep them going. -Dave It makes perfect sense... They are possibly protecting their business so that in the future, if there is persecution in the crypto industry, they are not tied to just one geographic location, we all know that the dynamics regarding laws and persecution change every 4 years. Title: Re: Robinhood purchases the bitcoin price watcher for WO BitStamp for 200 Million Post by: Reid on June 13, 2024, 05:39:17 PM I'm putting it more as a US based company that has mostly US based clients (Robinhood) wanted to expand their crypto portfolio into more parts of the world and buying BitStamp is a move in that direction. Thank you for that Dave. This way if their crypto trading side gets shut down in the US for some reason they have an non US based platform to keep them going. -Dave https://www.youtube.com/watch?v=n6jap6LtCb4 Robinhood to buy crypto exchange Bitstamp for $200 million: CNBC Crypto World "Expand it's global footprint." https://www.youtube.com/watch?v=n6jap6LtCb4 This is a damn big move. "A good sign for the crypto industry." Let's hear it from Elliott Chun of the Architect Partners. https://www.youtube.com/watch?v=T7VzA_Y0euU Jump to 4:00. https://i.ibb.co/6YHRnR4/Screenshot-2024-06-14-013354.png Is Robinhood also trying to get away from SEC? I think that's my question here. They are being cornered and politically attacked and I think they just said to themselves, "It's enough. We are buying something that moves outside US and you cannot touch us anymore." ;D Something like that. Title: Re: Robinhood purchases the bitcoin price watcher for WO BitStamp for 200 Million Post by: The Sceptical Chymist on June 13, 2024, 05:46:05 PM I'm putting it more as a US based company that has mostly US based clients (Robinhood) wanted to expand their crypto portfolio into more parts of the world and buying BitStamp is a move in that direction. No doubt. Except last I knew, Robinhood absolutely sucked as a company and they let customers buy and sell cryptocurrencies like they were a bucket shop from many years past, i.e., people basically bet on whatever crypto they bought or sold but there was never actually any buying or selling going on. You weren't able to withdraw the crypto you bought, nor could you deposit any. Is Robinhood still operating like that? I had an account once but abandoned it after they weren't able to provide me with a phone number to call in order to solve a problem, nor were they willing to call me. Title: Re: Robinhood purchases the bitcoin price watcher for WO BitStamp for 200 Million Post by: rdbase on July 01, 2024, 11:24:34 AM I'm putting it more as a US based company that has mostly US based clients (Robinhood) wanted to expand their crypto portfolio into more parts of the world and buying BitStamp is a move in that direction. No doubt. Except last I knew, Robinhood absolutely sucked as a company and they let customers buy and sell cryptocurrencies like they were a bucket shop from many years past, i.e., people basically bet on whatever crypto they bought or sold but there was never actually any buying or selling going on. You weren't able to withdraw the crypto you bought, nor could you deposit any.Is Robinhood still operating like that? I had an account once but abandoned it after they weren't able to provide me with a phone number to call in order to solve a problem, nor were they willing to call me. https://talkimg.com/images/2024/07/01/ouUDW.jpeg https://x.com/BTC_Archive/status/1807716917005648249 |
