Robinhood's stock has surged back to record highs, largely driven by a significant boom in the cryptocurrency market. The company's revival is attributed to increased trading activity among retail investors, who are capitalizing on the recent rise in digital asset values.

Robinhood has completed its acquisition of Bitstamp, a global cryptocurrency exchange, enhancing its crypto offerings and expanding its reach into international markets. This strategic move allows Robinhood to introduce its first institutional crypto business while leveraging Bitstamp's established reputation and customer base across multiple regions.

Robinhood is set to purchase Canadian cryptocurrency company WonderFi for approximately C$250 million ($178.98 million), aiming to expand its international presence. The acquisition values WonderFi at a 41% premium over its recent stock price, despite its year-to-date decline on the Toronto exchange.