Robinhood has announced its acquisition of the cryptocurrency exchange Bitstamp in a $200 million deal, acquired at a 50% discount to its 2018 valuation. This strategic move aims to bolster Robinhood's presence in the cryptocurrency market and accelerate its international expansion. CEO Vlad Tenev highlighted that the acquisition will bring an exchange platform to Robinhood, enhancing its crypto offerings and attracting wealthy investors. The deal, expected to close in the first half of 2025, is seen as a significant step for Robinhood to compete with other major players like Coinbase and Kraken. The market has responded positively to this acquisition, with Robinhood's stock showing gains.