Robinhood Markets, Inc. announced that it has agreed to acquire Bitstamp Ltd., a globally recognized cryptocurrency exchange, in a transaction valued at approximately $200 million. According to GlobeNewswire, this strategic move is expected to significantly enhance Robinhood’s global cryptocurrency operations and introduce its first institutional business.
Expanding global reach
Founded in 2011, Bitstamp operates over 50 active licenses and registrations worldwide. This acquisition will significantly accelerate Robinhood Crypto’s international expansion by bringing Bitstamp’s extensive customer base in the EU, UK, US and Asia to Robinhood. The move is expected to be completed in the first half of 2025, subject to regulatory approvals and other customary closing conditions.
Institutional Business Integration
With this acquisition, Robinhood will integrate Bitstamp’s reputable institutional services, including reliable trade execution, robust order books, and industry-leading API connectivity. White Label Solutions Bitstamp’s services, such as Bitstamp-as-a-service, institutional lending, and staking, will form a solid foundation for Robinhood’s entry into the institutional market. These additions will complement Robinhood’s existing cryptocurrency offerings, enhancing its portfolio of services.
leadership insight
“The acquisition of Bitstamp is an important step in growing our cryptocurrency business,” said Johann Kerbrat, General Manager of Robinhood Crypto. Bitstamp’s highly trusted and long-standing global exchange has shown resilience through market cycles. By seamlessly combining customer experience with safety across geographies, the Bitstamp team has built one of the strongest reputations among retail and institutional cryptocurrency investors.”
JB Graftieaux, CEO of Bitstamp, added: “As the world’s longest-running cryptocurrency exchange, Bitstamp is known as one of the most trusted and transparent cryptocurrency platforms in the world. “Bringing Bitstamp’s platform and expertise to Robinhood’s ecosystem will enable us to deliver an enhanced trading experience for our users through our continued commitment to compliance, security and customer focus.”
Future plans and financial details
The transaction, which has a cash value of approximately $200 million, includes customary purchase price adjustments. Final closing of the transaction is subject to regulatory approval and is expected to close in the first half of 2025. Barclays Capital Inc. served as exclusive financial advisor to Robinhood, and Galaxy Digital Partners LLC advised Bitstamp.
This acquisition marks a significant step forward for Robinhood as it seeks to expand its cryptocurrency presence globally and introduce institutional-grade services to its platform. The collaboration between the Robinhood and Bitstamp teams is expected to benefit both the company and its customers by fostering innovation and knowledge sharing across continents.
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