Robinhood Markets, Inc. has announced its agreement to acquire Bitstamp Ltd., a renowned global cryptocurrency exchange. Founded in 2011, Bitstamp operates out of Luxembourg, the UK, Slovenia, Singapore, and the US. This strategic acquisition is set to significantly enhance Robinhood Crypto’s global expansion.
The acquisition will also bolster Robinhood’s Crypto offerings, incorporating Bitstamp’s core spot exchange, which features over 85 tradable assets alongside products like staking and lending.
With over 50 active licenses and registrations worldwide, Bitstamp will bring a broad customer base from the EU, UK, US, and Asia into Robinhood’s fold. This marks Robinhood’s entry into the institutional business sector, leveraging Bitstamp’s reputation for reliable trade execution, deep order books, and top-tier API connectivity.
Bitstamp’s institutional services, including the white-label solution Bitstamp-as-a-service, institutional lending, and staking, will provide Robinhood with a solid foundation of established relationships and industry-leading products.
Johann Kerbrat, General Manager of Robinhood Crypto, highlighted the significance of this move, stating, “By seamlessly coupling customer experience with safety across geographies, the Bitstamp team has established one of the strongest reputations across retail and institutional crypto investors.”Â
The teams at Bitstamp and Robinhood will collaborate to drive innovation and share knowledge across continents. Customers of both platforms can expect continued excellence in service, security, and reliability.
The acquisition, valued at approximately $200 million in cash, is subject to customary purchase price adjustments and regulatory approvals, with the closing anticipated in the first half of 2025. Barclays Capital Inc. advised Robinhood, while Galaxy Digital Partners LLC advised Bitstamp.
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