Robinhood Acquires Bitstamp in $200 Million Deal

On June 6, Robinhood, a US-based multi-asset trading platform, announced its plan to acquire global crypto exchange Bitstamp.

This acquisition will bring Bitstamp’s vast retail and institutional customer base across the EU, UK, US, and Asia to Robinhood, significantly expanding its global footprint outside the US.

Robinhood to Enhance Crypto Services with Bitstamp Acquisition

With Bitstamp’s over 50 active licenses and registrations worldwide, this strategic move positions Robinhood to integrate a trusted institutional business into its ecosystem. Moreover, by acquiring Bitstamp, Robinhood will enter the institutional space with established relationships, infrastructure, and products. Bitstamp’s core spot exchange, offering over 85 tradable assets and products like staking and lending, will enhance Robinhood’s crypto offerings.

Johann Kerbrat, the General Manager of Robinhood Crypto, expressed that the acquisition of Bitstamp marks a significant advancement in their crypto business expansion efforts. He praised Bitstamp for its enduring global exchange, which has proven resilient through various 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,” Kerbrat said.

Additionally, from Bitstamp’s perspective, JB Graftieaux, their CEO, noted that integrating Bitstamp’s platform and expertise with Robinhood’s ecosystem is set to provide users with an improved trading experience.

“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,” Graftieaux stated.

Robinhood expects the final deal consideration to be approximately $200 million in cash, subject to customary purchase price adjustments. The acquisition is subject to customary closing conditions, including regulatory approvals, and is expected to close in the first half of 2025. Barclays Capital Inc. served as the exclusive financial advisor to Robinhood, while Galaxy Digital Partners LLC served as the exclusive financial advisor to Bitstamp.