Bitstamp Acquired by Robinhood for $200 Million Dollars
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Robinhood's $200 million takeover of Bitstamp, the longest-running crypto exchange globally, is a game-changer! This move positions Robinhood as a major player in the crypto sphere, shifting its focus towards the institutional crypto market.
The deal was initially announced in June 2024, with the agreed-upon amount staying steadfast at $200 million paid in cold, hard cash. Bitstamp, a respected name in the crypto realm since its inception in 2011, operates out of Luxembourg, the UK, Slovenia, Singapore, and the US. It's renowned for its undeniable credibility and transparency worldwide.
With this acquisition, Robinhood swipes over 50 active licenses and registrations across key jurisdictions. This means Robinhood Crypto can now cater to retail and institutional clients globally, breaking free from US boundaries.
Bitstamp caters to more than 5,000 institutional clients and approximately 50,000 retail users. The majority of its trading volume comes from institutions, making it an excellent match for Robinhood's long-term crypto aspirations.
According to Johann Kerbrat, General Manager of Robinhood Crypto, "Grabbing Bitstamp is a massive leap in growing our crypto biz. Bitstamp's highly trusted and prolonged global exchange has demonstrated resilience throughout market cycles."
Robinhood has already begun integrating Bitstamp's platform, connecting it to Robinhood Legend and its Smart Exchange Routing offering.
For the last year ending April 30, Bitstamp reported $95 million in revenue. Meanwhile, Robinhood's crypto division made a whopping $252 million just in the first quarter of 2025. With the Bitstamp acquisition, Robinhood expects to incur roughly $65 million of Bitstamp-related expenses over the remaining seven months of 2025.
Robinhood's move comes swiftly after its agreement to acquire Canadian crypto platform WonderFi for approximately $179 million on May 13, with the aim of expanding in Canada.
Robinhood shares (HOOD) rose 2.77% to close at $67.98 on June 2, with a slight additional 0.44% surge in after-hours trading, as per Google Finance. With Bitstamp now onboard, Robinhood ain't just a little retail trading app anymore. It's stepping into the big leagues—the global crypto markets, trustworthy institutions, and serious volume.
Oh, and don't forget about VivoPower's decision to partner with BitGo for exclusive XRP trading and custody. Check it out for more juicy crypto deets!
Note: The key impacts of this acquisition include the expansion of Robinhood's crypto offerings, global expansion, an institutional foothold, and regulatory advantages.
- The integration of Bitstamp's platform into Robinhood's operations demonstrates Robinhood's commitment to expanding its cryptocurrency industry presence, bridging the gap between fintech and traditional finance.
- With the acquisition of Bitstamp, Robinhood's aspirations in the institutional crypto market are boosted, as the exchange caters to more than 5,000 institutional clients and is renowned for its global transparency and credibility in the fintech and technology sectors.
