Robinhood Markets, Inc. has announced its agreement to acquire Bitstamp Ltd., a globally recognized cryptocurrency exchange, in a deal valued at approximately $200 million. This strategic move is anticipated to significantly enhance Robinhood’s global crypto operations and introduce its first institutional business, according to GlobeNewswire.
Expanding Global Reach
Bitstamp, established in 2011, operates with over 50 active licenses and registrations worldwide. The acquisition will bring Bitstamp’s extensive customer base from the EU, UK, US, and Asia to Robinhood, greatly accelerating Robinhood Crypto’s international expansion. This move is expected to close in the first half of 2025, pending regulatory approvals and other customary closing conditions.
Institutional Business Integration
With this acquisition, Robinhood will integrate Bitstamp’s reputable institutional offerings, including reliable trade execution, robust order books, and industry-leading API connectivity. Bitstamp’s services such as white label solution Bitstamp-as-a-service, institutional lending, and staking will form a solid foundation for Robinhood’s entry into the institutional market. These additions will complement Robinhood’s existing crypto offerings, enhancing its service portfolio.
Leadership Insights
Johann Kerbrat, General Manager of Robinhood Crypto, highlighted the acquisition’s importance, stating, “The acquisition of Bitstamp is a major step in growing our crypto business. Bitstamp’s highly trusted and long-standing global exchange has shown resilience through market cycles. By seamlessly coupling customer experience with safety across geographies, the Bitstamp team has established one of the strongest reputations among both retail and institutional crypto investors.”
JB Graftieaux, CEO of Bitstamp, added, “As the world’s longest-running cryptocurrency exchange, Bitstamp is known as one of the most-trusted and transparent crypto platforms worldwide. Bringing Bitstamp’s platform and expertise into Robinhood’s ecosystem will give users an enhanced trading experience with a continuing commitment to compliance, security, and customer-centricity.”
Future Plans and Financial Details
The deal, valued at around $200 million in cash, includes customary purchase price adjustments. The finalization of this transaction is subject to regulatory approvals and is expected to be completed in the first half of 2025. Barclays Capital Inc. served as the exclusive financial advisor to Robinhood, while Galaxy Digital Partners LLC advised Bitstamp.
This acquisition marks a significant leap for Robinhood as it seeks to expand its crypto footprint globally and introduce institutional-grade services to its platform. The collaboration between Robinhood and Bitstamp teams is anticipated to foster innovation and knowledge sharing across continents, benefiting both companies and their customers.
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