Robinhood Announces Acquisition of Bitstamp

Robinhood, a prominent digital trading platform, has announced an agreement to acquire global cryptocurrency exchange Bitstamp for approximately $200 million. The cash deal, subject to regulatory approval, marks Robinhood’s first venture into institutional business and supports its global expansion strategy.

Bitstamp, which holds over 50 licences and registrations worldwide, provides Robinhood with access to a broad customer base across the EU, UK, USA, and Asia. Robinhood highlights that Bitstamp is trusted by institutional clients for its reliable trade execution, deep order books, and advanced API connectivity.

“With Bitstamp’s other institutional offerings like the white-label solution Bitstamp-as-a-service, institutional lending, and staking, Robinhood will enter the space with established relationships and industry-leading products,” said Johann Kerbrat, General Manager of Robinhood Crypto. He added that the acquisition represents a significant step in growing Robinhood’s crypto business.

The deal, expected to close in the first half of 2025, will integrate Bitstamp’s core spot exchange solution, which includes over 85 tradable assets, into Robinhood’s platform. This integration aims to enhance Robinhood’s cryptocurrency offerings significantly.

Founded in 2011, Bitstamp operates offices in the UK, Luxembourg, Slovenia, Singapore, and the USA. Post-acquisition, Bitstamp’s teams will merge with Robinhood, promoting collaboration and innovation across continents, according to the California-based fintech firm.

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