Robinhood’s Acquisition of Bitstamp Signals a Larger (More Important) Trend…

12 months ago, adding buying/integrating a crypto platform/tool/service into your existing web2 product offering was a bad idea.

(At least, in the eyes of most traditional investors).

Why? Because:

Prices were in the toilet
AI was the hot new tech that everyone wanted to see integrated
And the SEC was on a warpath with the crypto industry (☝️ so much so that speakers were cancelling US conference appearances in fears they’d be arrested at the border)

But now we’re seeing a big shift in that sentiment — highlighted by Robinhood’s acquisition of the crypto exchange Bitstamp (announced last week).

This acquisition will increase Robinhood’s global reach within crypto, the trading of which made up 20% of its total revenue in Q1 of this year.

Which is nice for Robinhood shareholders — but that’s not what’s catching our eye here.

Zoom out a little and you’ll start to see a larger signal…

Robinhood grew crypto revenues, and acquired Bitstamp — all while being sued by the SEC for holding crypto assets.

Add it all up and you see three pieces of a broader trend:

And in an election year, these kind of trends carry greater weight.

To quote Yano: “The US is back baby.”