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's second-quarter earnings showed a 32% increase in crypto trading volume, reaching $28 billion, alongside a 98% rise in transaction-based revenue to $160 million. The company also expanded its crypto services through acquisitions and launched tokenization initiatives, emphasizing its commitment to long-term growth in the crypto sector.