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

TL;DR

Full Story

12 months in the past, including shopping for/integrating a crypto platform/device/service into your present web2 product providing was a foul concept.

(Not less than, within the eyes of most conventional buyers).

Why? As a result of:

• Costs have been in the bathroom

• AI was the new new tech that everybody wished to see built-in

• And the SEC was on a warpath with the crypto trade ( a lot in order that audio system have been cancelling US convention appearances in fears they’d be arrested on the border)

However now we’re seeing an enormous shift in that sentiment — highlighted by Robinhood’s acquisition of the crypto change Bitstamp (introduced final week).

This acquisition will improve Robinhood’s world attain inside crypto, the buying and selling of which made up 20% of its whole income in Q1 of this yr.

Which is sweet for Robinhood shareholders — however that’s not what’s catching our eye right here.

Zoom out a bit of and also you’ll begin to see a bigger sign…

Robinhood grew crypto revenues, and bought Bitstamp — all whereas being sued by the SEC for holding crypto belongings.

Add all of it up and also you see three items of a broader pattern:

1. Firms wish to undertake crypto

2. Customers wish to undertake crypto

3. They’re keen to combat for it

And in an election yr, these type of tendencies carry higher weight.

To cite Yano: “The US is again child.”