Robinhood Markets, Inc. has announced its agreement to acquire Bitstamp Ltd, a global cryptocurrency exchange established in 2011.
Bitstamp operates in Luxembourg, the UK, Slovenia, Singapore, and the US.
The acquisition aims to accelerate Robinhood Crypto’s global expansion.
With over 50 active licenses and registrations worldwide, Bitstamp attracts customers from the EU, UK, US, and Asia, enhancing Robinhood’s platform reach.
This acquisition marks Robinhood’s entry into the institutional crypto business, leveraging Bitstamp’s reputation for reliable trade execution, deep order books, and leading API connectivity.
Bitstamp’s institutional offerings, including the white label solution Bitstamp-as-a-service, institutional lending, and staking, will provide Robinhood with established relationships and top-tier products.
Bitstamp’s core spot exchange, offering over 85 tradable assets, along with staking and lending products, will enhance Robinhood’s Crypto offering.
“As the world’s longest-running cryptocurrency exchange, Bitstamp is known as one of the most-trusted and transparent crypto platforms worldwide,” said JB Graftieaux, CEO of Bitstamp.
“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.”
The final deal consideration is expected to be approximately $200 million in cash, subject to customary purchase price adjustments.
The acquisition is pending regulatory approvals and other closing conditions, with a projected completion in the first half of 2025.
Barclays Capital Inc. acted as the exclusive financial advisor to Robinhood, while Galaxy Digital Partners LLC advised Bitstamp.
“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,” said Johann Kerbrat, General Manager of Robinhood Crypto.
“Through this strategic combination, we are better positioned to expand our footprint outside of the US and welcome institutional customers to Robinhood.”