Robinhood Acquires Bitstamp to Expand Global Crypto Presence

Robinhood acquires crypto exchange Bitstamp for $200M, expanding global reach and entering institutional crypto services.

Key Points:

• Robinhood gains Bitstamp’s global licenses, expanding crypto services across EU, UK, US, and Asia.
• Acquisition marks Robinhood’s entry into institutional crypto with products like lending, staking, and crypto-as-a-service.

Robinhood Markets Inc. (NASDAQ: HOOD) has officially completed its acquisition of Bitstamp, one of the world’s oldest and most trusted cryptocurrency exchanges, in a $200 million deal first announced in July 2024. The move marks a significant leap in Robinhood’s ongoing expansion into the global crypto market and introduces its first institutional crypto business.

Founded in 2011, Bitstamp operates with offices in Luxembourg, the UK, Slovenia, Singapore, and the US, and holds more than 50 active licenses and registrations worldwide. With an established customer base across the EU, UK, US, and Asia, Bitstamp will now operate under the Robinhood umbrella, vastly expanding Robinhood Crypto’s international presence.

Robinhood Acquires Bitstamp to Expand Global Crypto Presence

“The acquisition of Bitstamp is a major step in growing our crypto 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 coupling customer experience with safety across geographies, the Bitstamp team has established one of the strongest reputations across retail and institutional crypto investors.”

Robinhood emphasized that Bitstamp’s robust spot exchange, deep liquidity, and industry-leading APIs will significantly strengthen its crypto offerings for retail and institutional clients alike. Bitstamp also brings products such as crypto-as-a-service, institutional lending, and staking to Robinhood’s expanding ecosystem.

Bitstamp CEO JB Graftieaux highlighted the mutual benefits of the acquisition, saying, “As the world’s longest-running cryptocurrency exchange, Bitstamp is known as one of the most-trusted and transparent crypto platforms worldwide. Bringing Bitstamp’s platform and expertise into Robinhood’s ecosystem will give users an enhanced trading experience with a continuing commitment to compliance, security, and customer-centricity.”

Also, the integration brings together Bitstamp’s seasoned global team with Robinhood’s technology and user-first approach, setting the stage for innovation and collaboration across continents. Both companies assured their users that service, security, and reliability will remain top priorities post-acquisition.

With this move, Robinhood is not only deepening its footprint outside the US but also signaling a stronger push into the institutional crypto space, aiming to become a formidable player in the next phase of global crypto adoption.

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