Robinhood to acquire crypto exchange Bitstamp for $200 million

Robinhood has announced its agreement to acquire cryptocurrency exchange Bitstamp for $200 million in cash. The acquisition marks a significant milestone for Robinhood Crypto, propelling its expansion into international markets.

Bitstamp’s extensive portfolio of over 50 active licenses and registrations worldwide will enable Robinhood to broaden its reach across the EU, UK, US, and Asia. This strategic move positions Robinhood to tap into Bitstamp’s established customer base and regulatory approvals, accelerating its global footprint in the cryptocurrency space.

Johann Kerbrat, General Manager of Robinhood Crypto, emphasized the strategic value of the acquisition: “The acquisition of Bitstamp is a major step in growing our crypto business. 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 among retail and institutional crypto investors. Through this strategic combination, we are better positioned to expand our footprint outside of the US and welcome institutional customers to Robinhood.”

Completion of the transaction is contingent on regulatory approvals and other customary closing conditions, with an expected closure in the first half of 2025. Barclays Capital Inc. acted as the exclusive financial advisor to Robinhood, while Galaxy Digital Partners LLC served as the exclusive financial advisor to Bitstamp.

JB Graftieaux, CEO of Bitstamp, echoed this sentiment, highlighting the mutual benefits: “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.”