Robinhood buying crytocurrency exchange Bitstamp for about $200 million [Yahoo! Finance]
Robinhood Markets, Inc. - Class A (HOOD)
Company Research
Source: Yahoo! Finance
Bitstamp, founded in 2011, has offices in Luxembourg, the UK, Slovenia, Singapore, and the US. It has more than 50 active licenses and registrations worldwide and customers across the European Union, United Kingdom, United States and Asia. Robinhood said Thursday that this will be its first institutional business. "Bitstamp's highly trusted and long standing global exchange has shown resilience through market cycles. By seamlessly coupling customer experience with safety across geographies, the Bitstamp team has established one of the strongest reputations across retail and institutional crypto investors,” Johann Kerbrat, general manager of Robinhood Crypto, said in a statement. “Through this strategic combination, we are better positioned to expand our footprint outside of the U.S. and welcome institutional customers to Robinhood.” The deal is expected to close in the first half of next year. The news comes a month after Robinhood Markets announced that it had received a not
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HOOD
News
- Robinhood upgraded to Outperform at Wolfe on case for strong EPS growth [Seeking Alpha]Seeking Alpha
- Robinhood Markets, Inc. (NASDAQ: HOOD) was upgraded by analysts at Wolfe Research from a "peer perform" rating to an "outperform" rating. They now have a $29.00 price target on the stock.MarketBeat
- Robinhood Markets, Inc. (NASDAQ: HOOD) was upgraded by analysts at Wolfe Research from a "peer perform" rating to an "outperform" rating. They now have a $29.00 price target on the stock.MarketBeat
- Robinhood Markets, Inc. (HOOD) Just Overtook the 20-Day Moving Average [Yahoo! Finance]Yahoo! Finance
- Robinhood Markets, Inc. (HOOD) is Attracting Investor Attention: Here is What You Should Know [Yahoo! Finance]Yahoo! Finance
HOOD
Earnings
- 5/8/24 - Beat
HOOD
Sec Filings
- 6/24/24 - Form 4
- 6/20/24 - Form 144
- 6/6/24 - Form 4
- HOOD's page on the SEC website