Hey, it’s Marc. ✌️

Cypto is set up for some big consolidation and IPOs.

Last week, the news broke:

  • Robinhood, the popular stock and crypto trading app, is set to acquire Bitstamp, one of the oldest crypto exchanges, for $200M in 2025.

  • Kraken in talks for pre-IPO fundraising round, IPO expected in 2025.

Why it’s important: Robinhood becomes a major international competitor for players like Coinbase and Binance.

It begs the question: Will Robinhood become Coinbase before Coinbase becomes Robinhood?