Robinhood, the trading platform at the center of the 2021 GameStop meme stock frenzy, is reportedly eyeing crypto futures in America and Europe with its impending $200 million acquisition of Bitstamp, a new Bloomberg report says.

The firm hopes to complete its acquisition of the rival crypto exchange Bitstamp, among the world’s longest-running crypto platforms, by next year. Doing so would give it access to Bitstamp’s licenses for crypto futures, and also enable it to launch CME-based futures of bitcoin and ethereum in America.

Earlier this year, Robinhood also acquired Marex FCM, a firm possessing U.S. futures licenses, in another significant deal.

In May, the U.S. Securities and Exchange Commission (SEC) warned Robinhood of imminent regulatory action with a Wells Notice, hinting that a civil enforcement action may soon be on the horizon. Robinhood’s own SEC disclosures detail how the crypto division of the firm has been accused of securities violations by the financial regulator, though no lawsuit has materialized yet against its crypto division. In 2020, however, a civil fraud probe was launched against Robinhood to investigate its alleged lack of disclosures, and the SEC formally charged the company for “misleading customers” that same year.

Bitstamp’s relatively strong regulatory compliance – last year it stopped investors on its platforms from trading altcoins the SEC had labeled “unregistered securities” – has made it an alluring acquisition target for Robinhood. It remains to be seen