Robinhood gained over 50 global crypto licenses and a large institutional client base through its acquisition of Bitstamp.

Quotes that support claims

The all-cash deal, first announced last year, gives Robinhood an immediate international footprint — including more than 50 active crypto licenses across Europe, the UK and Asia — as well as an established institutional client base.

Robinhood Markets, Inc. has closed a $200 million acquisition of Luxembourg-based crypto exchange Bitstamp, adding over 50 licenses and registrations and an established institutional client base to its crypto arm.