Robinhood to Acquire Bitstamp in $200 Million Deal
Robinhood has announced its agreement to acquire Bitstamp in a $200 million all-cash deal. The acquisition of the U.K.-based cryptocurrency exchange is expected to close in the first half of 2025. The move marks another major step in Robinhood’s efforts to expand its crypto presence globally.
Key points:
- Robinhood will acquire Bitstamp for $200 million in an all-cash deal.
- The acquisition is expected to close in the first half of 2025.
- Barclays Capital and Galaxy Digital advised Robinhood and Bitstamp on the sale.
- The deal will help Robinhood expand its footprint outside of the U.S.
- Bitstamp offers spot trading of over 85 cryptocurrencies and holds more than 50 licenses globally.
Johann Kerbrat, general manager of Robinhood Crypto, emphasized the importance of the acquisition. He stated, “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.”
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Bitstamp boasts a large presence in Europe
Founded in 2011, Bitstamp quickly became one of the largest crypto exchanges in Europe. The exchange currently offers spot trading of over 85 cryptocurrencies. Bitstamp also holds more than 50 licenses and registrations globally.
The acquisition comes just months after Robinhood started offering crypto trading to clients in the European Union in December 2023.
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Robinhood’s entry into the cryptocurrency market dates back to early 2018. This is when the company added Bitcoin and Ethereum as tradable assets on its platform. This move also made Robinhood the first traditional financial services company in the U.S. to embrace cryptocurrency trading.
