Robinhood to Acquire Bitstamp for $200 Million in 2025

Jun 6, 2024, 11:26 AM

Robinhood has announced its acquisition of Bitstamp, a global cryptocurrency exchange, for $200 million in cash. The deal, which is expected to close in the first half of 2025, aims to enhance Robinhood's global crypto reach and introduce its first institutional business. Bitstamp, founded in 2011 and one of the oldest crypto exchanges, operates with over 50 active licenses and registrations worldwide, including in the EU, UK, US, and Asia. This acquisition is part of Robinhood's broader push into the cryptocurrency market, despite regulatory scrutiny from the SEC. Bitstamp will continue to operate under its own brand post-acquisition. Robinhood Crypto's worldwide expansion is a key focus of this deal.