Robinhood (HOOD) has successfully finalized its acquisition of Bitstamp, a prominent European cryptocurrency exchange, in a deal valued at $200 million. Following the completion of the acquisition, Bitstamp's branding has been updated across its website and mobile applications, now featuring the "Bitstamp by Robinhood" insignia. This strategic move marks a significant expansion for Robinhood into the global cryptocurrency trading arena, encompassing both retail and institutional clients.

The acquisition, initially announced in June of the previous year, allows Robinhood to leverage Bitstamp's established presence and regulatory approvals. Founded in 2011, Bitstamp holds the distinction of being the world's longest-operating active cryptocurrency exchange. It currently possesses over 50 licenses and registrations globally, underscoring its widespread regulatory compliance and operational reach.

In response to the news, Robinhood's shares (HOOD) experienced a positive movement in the market, trading approximately 1.4% higher at a price just under $69 during pre-market trading on Tuesday. This acquisition is poised to enhance Robinhood's offerings and competitive stance in the rapidly evolving digital asset landscape.