The crypto space saw major institutional moves on June 3, with Robinhood acquiring Bitstamp, Classover diving into Solana with a $500 million reserve plan, and Revolut hinting at a crypto derivatives platform.
💼 Robinhood Acquires Bitstamp for $200M
Robinhood has officially acquired Bitstamp, one of the world’s oldest crypto exchanges, for $200 million in cash. The move expands Robinhood’s crypto presence beyond the U.S. and adds:
-
Over 50 global licenses and registrations
-
5,000 institutional clients
-
A strong retail and European presence
Robinhood Crypto GM Johann Kerbrat told CNBC that more acquisitions could follow. This comes shortly after Robinhood’s $179 million acquisition of WonderFi in Canada.
Shares in Robinhood (HOOD) rose 2.77% on the day and continued to climb after hours.
📚 Classover Commits $500M to Solana Reserve
In a bold pivot, Classover, a K–12 education platform, has entered the crypto market by forming a Solana strategic reserve.
Key details:
-
Classover plans to issue $500M in convertible notes
-
80% of the proceeds will be used to buy Solana (SOL)
-
The firm has already bought 6,472 SOL worth around $1.1M
-
Combined with a $400M equity deal, the total reserve power could hit $900M
The move, in partnership with Solana Growth Ventures, caused Classover’s stock to surge 46.5% intraday on June 3.
📈 Revolut Hints at Crypto Derivatives Expansion
A new job listing reveals Revolut may be preparing to enter the crypto derivatives space.
The position:
General Manager (Crypto Derivatives) – based in London, Dubai, or Barcelona
Responsibilities include:
-
Building the derivatives platform from scratch
-
Overseeing trading infrastructure, compliance, and commercial growth
-
Targeting institutional clients with Revolut’s global reach of 50 million+ users
While Revolut hasn’t confirmed product details, the listing signals growing ambition in institutional crypto offerings.
🔍 Why It Matters
Today’s headlines reflect a strong institutional push into crypto:
-
Robinhood’s Bitstamp buy strengthens global legitimacy
-
Classover’s Solana reserve shows new types of firms entering DeFi
-
Revolut’s hiring strategy points to rising demand for regulated crypto derivatives
With education firms holding crypto, fintechs expanding into derivatives, and traditional brokers acquiring exchanges, the future of digital assets is going deeper into mainstream finance.
Stay informed with daily updates from https://cryptodicenews.blog
