KEY POINTS
- Robinhood said the acquisition is part of its efforts toward expanding outside the US
- Congratulatory posts poured in, but so did queries about Robinhood's plans moving forward
- Some users questioned why a company "notorious" for disabling the buy button would acquire a crypto firm
Financial services giant Robinhood announced Thursday that it has agreed to acquire cryptocurrency exchange Bitstamp in a $200 million cash deal, and the digital assets community on X (formerly Twitter) have had mixed reactions to the announcement.
