Remember the time when the Gamespot and the Robinhood used the wallstreet drama into their favour and became a well known brands? They used that narrative to become so powerful that they traded large amount of the funds of the upper class people and let many poor people become rich only due to stock manipulation. Robinhood was one of the most used apps during the pandemic too. And ever since the crypto exchange got into the demand there was chance many stock exchanges would buy the crypto exchange license too. 

Robinhood has decided to buy the Bitstamp crypto market exchange. This exchange is very popular in the Asia, Europe, and many other nations too. Robinhood has been in acquisition of such exchanges based on the license in the variety of the nations.

What does this mean for the consumers like us? This means we would be soon only trading the coins and the assets which are centralized. And also it means that the decentralized coins are going to get hit. And the regulation is going to hurt the market really bad. And as we know the robinhood is good at the data collection we are going to see that would extend to the bitstamp exchange too. 

Bitstamp being popular wallet for the centralized exchanges there is also going to be a trading benefit that would help with robinhood. As in if they merge the apps that would also allow single app for trading both crypto and the stocks. Which would be something many investors would want under single consumer app. 

You can check out the Bitstamp news.