According to CoinMeta, Robinhood (stock code: Hood) announced that it will acquire a minority stake in the crypto exchange Crypto.com, with the aim of deepening its presence in the crypto industry. According to a press release on Tuesday, Robinhood will soon add non-contractual products from Crypto.com to its platform and will also hold shares in the digital currency exchange. The two companies have reached a multi-year agreement to launch event contracts supported by OG.com's services on Robinhood. The specific terms of the agreement have not yet been disclosed. The valuations of Crypto.com and OG are $15 billion and $5 billion respectively. Crypto.com, the CEO of Kris Marszalek, stated that this marks the beginning of a strategic partnership between the two parties, and that the event contracts will be the first product launched as a result of their collaboration.