HOOD - Is Robinhood's Crypto Exchange Deal Really 'Massive' And The 'First Domino To Fall?' | Benzinga
Robinhood Inc‘s (NASDAQ:HOOD) acquisition of Bitstamp has garnered significant attention from industry experts, as the company CEO and co-founder Vlad Tenev advocated for the profound impact of cryptocurrencies on the financial system.
What Happened: “We believe crypto will fundamentally reorganize the financial system, and we're acquiring Bitstamp to accelerate our vision,” he said, as he highlighted Bitstamp’s global presence and robust product offerings, including crypto-as-a-service, institutional lending and staking, as key factors in the acquisition.
Experts across the financial and crypto sectors have shared their insights on this landmark deal.
Caleb Franzen‘s observations were particularly sharp, noting the audacious timing of the acquisition.
He tweeted, “HOOD receives a wells notice from the SEC one month ago, then proceeds to purchase Bitstamp, one of the oldest ...