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Robinhood Markets, Inc. (HOOD) Completes Bitstamp Acquisition

Robinhood Markets, Inc. (NASDAQ:HOOD) has announced the completion of its largest acquisition to date, a $200 million all-cash purchase of Bitstamp, signaling the company’s formal entry into the institutional crypto trading space.

The strategic buyout grants access to more than 50 global licenses along with a seasoned infrastructure for lending, staking, and third-party crypto services.

A successful business person confidently managing their finances on a mobile device.

After its incorporation in 2013, Robinhood Markets, Inc. (NASDAQ:HOOD) quickly gained popularity by democratizing retail investing. By completing the acquisition of Bitstamp, one of the longest-operating crypto exchanges, the company is now in possession of a ready-made institutional base and inherited order book trading capabilities as well as extended reach across Europe, the UK, and Asia.

Johann Kerbrat, Robinhood Crypto General Manager, made the following comment:

“For us, it’s combining the strengths of the two businesses. We are one of the largest retail marketplaces in the U.S. … They have products that we don’t have, like order books, crypto as a service, advanced API and lending and staking, and thanks to that, we will be able to get into this space not starting from scratch.”

Through Robinhood Ledger, the company’s institutional web platform, Robinhood Markets, Inc. (NASDAQ:HOOD) has already begun using Bitstamp’s systems for smart order routing. It also plans to preserve Bitstamp’s existing operations and integrate them deeper with the company over time.

The stock’s performance over the past month, potentially influenced by the acquisition buzz, has been positive, reaching a growth of 45.82%.

Robinhood Markets, Inc. (NASDAQ:HOOD) is a California-based financial technology company best known for its commission-free electronic trading platform and its expanding presence in digital asset markets.

While we acknowledge the potential of HOOD to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HOOD and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Unstoppable Dividend Stocks to Buy Now and 11 Oversold Global Stocks to Buy According to Hedge Funds

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

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