Robinhood Markets has announced its acquisition of Bitstamp, a global cryptocurrency exchange established in 2011 with operations in the United States, the United Kingdom, Slovenia, Singapore, and Luxembourg. This acquisition is expected to significantly enhance Robinhood Crypto's global expansion efforts. Bitstamp, which maintains more than 50 active licenses and registrations globally, will provide Robinhood with a substantial client base in the EU, UK, US, and Asia. With this agreement, Robinhood has entered the institutional crypto space, introducing services such as institutional lending, staking, and Bitstamp-as-a-service.
Bitstamp's primary spot exchange, which includes more than 85 tradable assets, along with its staking and lending products, will complement Robinhood's crypto offerings. Bitstamp CEO JB Graftieaux stated, "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." Through the acquisition, the teams of both organizations will be encouraged to collaborate, innovate, and exchange knowledge, ensuring consistent security, reliability, and service for Robinhood and Bitstamp customers.
Robinhood estimates that the transaction, which is valued at approximately $200 million in cash, will be finalized in future, subject to regulatory approvals and customary closing conditions. Galaxy Digital Partners LLC advised Bitstamp, while Barclays Capital served as the exclusive financial advisor to Robinhood.
