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Robinhood Surges to 18th in Daily Rankings with $3.066 Billion Trading Volume
Generated by AI AgentAinvest Volume Radar
Tuesday, Jun 3, 2025 8:08 pm ET1min read
On June 3, 2025,
(HOOD) saw a significant increase in trading volume, reaching $3.066 billion, a 51.1% rise from the previous day. This surge placed Robinhood at the 18th position in the daily stock market rankings. The company's stock price also rose by 5.50%, marking the third consecutive day of gains and a total increase of 12.15% over the past three days.Robinhood has completed its $200 million acquisition of Bitstamp, a European cryptocurrency exchange. This strategic move marks Robinhood's first venture into institutional crypto and strengthens its global presence. The acquisition includes Bitstamp's customer base across the EU, UK, and Asia, providing Robinhood with a broader reach and enhanced platform offerings.
With the completion of this deal, Robinhood has unlocked new institutional crypto capabilities, global licenses, and elite trading features. This acquisition is expected to boost Robinhood's revenue and solidify its position in the global crypto market. The integration of Bitstamp's infrastructure and customer base will further expand Robinhood's crypto reach, making it a more competitive player in the industry.
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