Robinhood’s Acquisition of Bitstamp Expands Its Global Reach: Architect Partners

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 60 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 63%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

Will Canny is CoinDesk's finance reporter.

The investment bank said the deal also increases the trading platform’s institutional exposure.from the U.S. Securities and Exchange Commission last month, the trading platform continues to expand its digital assets business, investment bank Architect Partners said in a Friday report.“This acquisition instantly expands global reach to ensure participation regardless of U.S. actions,” the report said.

A Wells Notice is a preliminary warning from the SEC informing a company that the regulator has enough information to bring a potential enforcement action against it. Robinhood received a Wells Notice from the SEC on May 4 due to its listing of crypto tokens that the regulator potentially views as unlicensed securities.

The Bitstamp acquisition will also expand Robinhood’s institutional offering, which positions the trading platform as one of the “few publicly traded crypto-influenced companies that will be able to serve institutions as they come into the digital asset space,” the note said. Bitstamp is a “prime asset due to its long operation history and global licensing reach,” Architect said, adding that Robinhood acquired the crypto exchange at a reasonable price.

Architect notes that the price paid by Robinhood of $200 million in cash is a significant discount to the $500 million valuation that Bitstamp received in the 2018in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 291. in DE
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Robinhood Bets Big on Crypto with $200M Acquisition of BitstampCrypto Blog
Herkunft: Crypto_Potato - 🏆 568. / 51 Weiterlesen »

Alaska Energy Metals expands exploration footprint in Canada with Québec acquisitionNo 1 source of global mining news and opinion
Herkunft: mining - 🏆 449. / 53 Weiterlesen »

Texas pipeline giant Energy Transfer expands network with $3.25 billion acquisitionDallas-based energy giant Energy Transfer is expanding its massive natural gas network with a purchase valued north of $3 billion.
Herkunft: dallasnews - 🏆 18. / 71 Weiterlesen »