Robinhood Secures First Crypto License From Bank of Lithuania and Acquires Bitstamp for $200 Million

Robinhood has obtained the first-ever cryptocurrency license from the Bank of Lithuania, marking a notable milestone for the company in the crypto sector. Concurrently, Robinhood completed its $200 million acquisition of Bitstamp, a cryptocurrency exchange with 14 years of industry experience. This strategic move is expected to extend Robinhood's reach beyond retail trading, combining Bitstamp's established crypto expertise with Robinhood's global vision to expand access and develop the future of cryptocurrency services.

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