Robinhood to Acquire Bitstamp for $200 Million, Expanding Institutional Trading

Jun 6, 2024, 11:05 AM

Robinhood has entered into an agreement to acquire Bitstamp, a global cryptocurrency exchange, for approximately $200 million in cash. This acquisition aims to enable institutional trading in the U.S. and expand Robinhood's crypto offerings internationally. Bitstamp, founded in 2011 and once the largest European crypto exchange, will continue to operate under its brand. The deal, subject to regulatory approval, is expected to be finalized in the first half of 2025.