Robinhood has agreed to acquire leading Bitcoin exchange Bitstamp for $200 million in cash, significantly expanding its Bitcoin operations globally. The deal is expected to close in the first half of 2025.
Founded in 2011, Bitstamp is one of the world’s oldest and most established Bitcoin exchanges, operating across Europe, Asia, and the U.S. with over 50 licenses globally. The acquisition will integrate Bitstamp’s institutional and retail customers into Robinhood’s ecosystem.
Robinhood plans to leverage Bitstamp’s strong reputation for security and reliability to enhance its own Bitcoin offerings. This move comes as Robinhood faces scrutiny from the SEC over its crypto division, despite Bitcoin driving significant growth. Last year, Robinhood’s transaction revenue from Bitcoin trading surged by 40%.
Johann Kerbrat, Robinhood’s General Manager, stated:
The acquisition is a major step in growing our crypto business and will help Robinhood expand our footprint outside of the U.S. and welcome institutional customers.
Robinhood CEO Vlad Tenev added:
We believe crypto will fundamentally reorganize the financial system.
The purchase of Bitstamp provides Robinhood with a substantial customer base and regulatory licenses across multiple regions, positioning the company to capture increasing Bitcoin trading volumes as demand rises.
