Robinhood Markets, the pioneering trading platform, has announced its strategic acquisition of Bitstamp, one of the world’s oldest cryptocurrency exchanges. Since its establishment in 2011, Bitstamp has opened offices in Luxembourg, the US, Singapore, the UK, and Slovenia, highlighting its global footprint. This move marks Robinhood’s first foray into institutional business, leveraging Bitstamp’s robust infrastructure and established relationships in institutional trading. The acquisition is poised to significantly bolster Robinhood Crypto’s global expansion, tapping into Bitstamp’s extensive licensing and customer base across Europe, Asia, and the Americas.
The agreement is anticipated to be finalized in the first half of 2025, for an estimated $200 million in cash, subject to regulatory approvals and customary closing conditions. Bitstamp’s integration into Robinhood is anticipated to enhance the latter’s crypto offerings with over 85 tradable assets and advanced features like staking and lending. Johann Kerbrat, General Manager of Robinhood Crypto, emphasized Bitstamp’s resilient global exchange platform and its alignment with Robinhood’s commitment to safety and customer experience. Both companies have expressed their dedication to maintaining service quality, security, and transparency throughout the transition process.
