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Robinhood bets big on crypto with $200 million deal for Bitstamp

Trading platform Robinhood Markets has agreed to buy crypto exchange Bitstamp for about $200 million in cash, speeding up a broader push into digital assets with its biggest-ever deal.

"We are in our early days in the EU and we are excited to keep expanding there and beyond. The acquisition of Bitstamp will accelerate our global expansion," Johann Kerbrat, vice president and general manager of Robinhood Crypto, told Reuters.