Robinhood Acquires Bitstamp for $200 Million Expanding Global Crypto Presence

Robinhood Markets, Inc. has successfully completed the acquisition of Bitstamp, a Luxembourg-based cryptocurrency exchange, for $200 million in cash. This acquisition, which was initially agreed upon in June 2024, brings over 50 licenses and registrations to Robinhood's cryptocurrency division, along with a mature institutional client base. Bitstamp serves over 5,000 institutional clients and 50,000 retail clients, with its trading volume primarily driven by institutional clients. This acquisition significantly expands Robinhood's cryptocurrency business presence in markets outside the United States, including Europe, the UK, and Asia.

Bitstamp reported revenue of $95 million for the past 12 months as of April 30, while Robinhood's cryptocurrency business had revenue of $252 million in the first quarter of 2025. Robinhood has begun integrating Bitstamp's cryptocurrency platform, with Bitstamp integrating Robinhood's Legend and smart order routing products. This move is part of Robinhood's broader strategy to diversify its financial services and tap into the growing demand for digital assets. By acquiring Bitstamp, Robinhood gains access to a licensed global crypto exchange, which will enable it to offer a more comprehensive suite of crypto services to its users. This acquisition is expected to strengthen Robinhood's competitive edge and attract new customers who are interested in cryptocurrency trading.

The all-cash deal underscores Robinhood's commitment to investing in its future growth and innovation. The acquisition of Bitstamp is a significant step forward for Robinhood, as it aims to become a leading player in the global crypto market. With Bitstamp's established infrastructure and regulatory compliance, Robinhood can focus on expanding its user base and improving its platform's functionality. The completion of this acquisition marks a new chapter for Robinhood, as it continues to evolve from a commission-free trading platform to a full-service financial services provider. The integration of Bitstamp's technology and expertise will enable Robinhood to offer a more seamless and secure trading experience for its users. This move is likely to attract more investors who are looking for a reliable and user-friendly platform to trade cryptocurrencies.