Robinhood to Acquire Global Crypto Exchange Bitstamp in $200 Million Deal
Robinhood, the US-based multi-asset trading platform, has announced plans to acquire global crypto exchange Bitstamp for approximately $200 million. This strategic move aims to expand Robinhood’s global footprint beyond the US and enhance its crypto services for both retail and institutional customers.
• Global Expansion: Robinhood’s acquisition of Bitstamp will extend its reach across the EU, UK, US, and Asia, bringing Bitstamp’s extensive customer base into its ecosystem.
• Enhanced Crypto Services: The acquisition includes Bitstamp’s robust spot exchange, offering over 85 tradable assets, along with staking and lending products.
• Strategic Integration: The deal positions Robinhood to integrate Bitstamp’s trusted institutional business, leveraging its established relationships and infrastructure.
Johann Kerbrat, General Manager of Robinhood Crypto, highlighted the significance of this acquisition, noting that Bitstamp’s long-standing reputation and resilience through various market cycles will significantly bolster Robinhood’s crypto business. “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.
Bitstamp CEO JB Graftieaux also expressed optimism about the merger, stating that combining Bitstamp’s platform and expertise with Robinhood’s ecosystem will offer users an enhanced trading experience.
The acquisition deal, subject to customary closing conditions and regulatory approvals, is expected to be finalized in the first half of 2025. Barclays Capital Inc. served as the exclusive financial advisor to Robinhood, while Galaxy Digital Partners LLC advised Bitstamp.
