Robinhood Markets, Inc. (HOOD) has announced a significant milestone in its expansion strategy by entering into an agreement to acquire Bitstamp Ltd., a globally recognized cryptocurrency exchange. The acquisition, valued at approximately $200 million in cash, is set to close in the first half of 2025. It is still subject to regulatory approvals and customary closing conditions. Founded in 2011, Bitstamp operates in multiple regions, including Luxembourg, the U.K., Slovenia, Singapore and the United States, ...