Robinhood’s aggressive push into the global crypto arena, Robinhood Markets, Inc., has officially completed its $200 million acquisition of Luxembourg-based Bitstamp. The all-cash deal, first announced in June 2024, brings with it more than 50 international licenses and a mature institutional client base, accelerating Robinhood’s ambitions to become a dominant player in global digital asset […]
Bitstamp
Kraken Expands Regulated Crypto Derivatives Across Europe
Kraken, a top cryptocurrency exchange, has expanded its derivatives trading services across Europe. The company now offers regulated futures contracts to retail and institutional customers in the European Economic Area (EEA). This development comes after the exchange acquired a Cypriot investment firm earlier this year, which allowed the exchange to secure a license under the […]
Gemini Lists Ripple’s RLUSD Stablecoin Amid Ripple’s Massive $25M Donation to U.S Education
Gemini, a top crypto exchange, has listed Ripple’s RLUSD stablecoin for trading transactions, deposits, and withdrawals. This represents an important step in the firm’s effort to expand the stablecoin adoption across the world. Gemini is the 15th crypto exchange to list RLUSD on its platform after a list of other platforms. The RLUSD stablecoin has […]
Robinhood Set to Launch Crypto Services in Singapore by 2025
Robinhood is preparing to launch crypto services in Singapore by 2025 through its acquisition of Bitstamp. The $200 million deal paves the way for expansion across Asia-Pacific, positioning Robinhood to compete in the global crypto market. Robinhood Taps Singapore for Strategic Crypto Launch Robinhood plans to introduce crypto products in Singapore by 2025, leveraging its […]
Robinhood and Bitstamp Drive XRP Ledger into the $1 Quadrillion Derivatives Market
The XRP Ledger is just about to change the financial world with the imminent possibility of tokenization of derivatives. It tokenizes traditional financial contracts such as futures, options, and swaps as digital assets built on the blockchain, consequently removing some of the inefficiencies bound to legacy systems. According to researcher Max Avery, fractional ownership allows […]
Coinbase Cuts USDC Rewards for EEA Users: MiCA’s New Impact on Crypto
Coinbase announced that it will no longer offer rewards for USDC holders in the EEA effective December 1st due to the impending MiCA regulation. The exchange sent an email to its users on November 28 highlighting the effects of new regulations on stablecoins. In its statement, Coinbase explained that the move is a result of […]
Bitstamp’s Principle Approval Opens Asian Crypto Gateway
Bitstamp, a prominent European crypto exchange, has received approval on regulatory in principle from Singapore’s Monetary Authority. This major verdict positions Bitstamp as the first notable European exchange to secure such backing in Singapore, thereby opening the way for expansion into Asia. Bitstamp got approval from the MAS for a Major Payment Institution license, which […]
PayPal UK Registers With FCA for Crypto Activities As It Rides High On Q3 Earning
PayPal UK has taken a significant step in the world of cryptocurrency by registering with the UK’s Financial Conduct Authority (FCA). This move allows the company to engage in “certain cryptoasset activities” within the country. To operate in the UK’s crypto market, companies must gain registration approval and adhere to the FCA’s anti-money laundering regulations. In 2023, […]
Bitstamp Forges Path With European Banks To Launch Crypto Services Amidst MiCA Momentum
Bitstamp, a prominent cryptocurrency exchange, is currently in discussions with three major European banks to facilitate the launch of cryptocurrency services by the first quarter of the upcoming year. This strategic move by Bitstamp aligns with the evolving regulatory landscape in the European Union, particularly the Markets in Crypto Assets (MiCA) initiative, which is creating a […]
Ripple’s Anonymous Wallets Move 107M XRP To Top Exchanges
In a startling revelation, crypto tracking platform Whale Alert has unearthed a colossal transfer of XRP from anonymous wallets to two major exchanges. This significant development unfolded over two days, with approximately 30 million coins each reaching Bitso, a prominent Mexican exchange, and Bitstamp, a European crypto unicorn. The staggering total of nearly 107 million […]