Robinhood Markets, Inc. has completed a $200 million acquisition of the Luxembourg cryptocurrency exchange Bitstamp, adding over 50 licenses and registrations to its crypto business, as well as a mature institutional client base.
Robinhood stated on June 2 that the $200 million transaction amount has remained unchanged since the preliminary agreement in June 2024 and is fully paid in cash.
Bitstamp serves over 5,000 institutional clients and 50,000 retail customers, with its trading volume primarily driven by institutional clients.
In another statement on June 2, Robinhood indicated that this acquisition significantly expands its crypto business footprint in Europe, the UK, and Asia outside of the United States.
Bitstamp reported revenue of $95 million for the past 12 months as of April 30, while Robinhood's crypto business generated $252 million in revenue in the first quarter of 2025.
Robinhood stated that it has begun integrating Bitstamp's crypto platform, and Bitstamp has been connected to Robinhood Legend and its smart exchange routing service.
Robinhood expects to incur approximately $65 million in costs related to Bitstamp over the remaining seven months of 2025.
On May 13, Robinhood also agreed to acquire the Canadian crypto platform WonderFi for approximately $179 million as part of its efforts to strengthen its presence in the Canadian market.
Johann Kerbrat, General Manager of Robinhood Crypto, stated on June 2 to CNBC that the company does not rule out the possibility of other crypto acquisitions.
"If we can find a way to do it at least 18 months or two years in advance—and we have good reason to believe this is a great acquisition—this is definitely something we would consider."
According to Google Finance data, Robinhood (HOOD) shares rose 2.77% to $67.98 at the close on June 2, with an additional after-hours gain of 0.44%.
A key focus for Robinhood CEO Vladimir Tenev is to expand the company's crypto products into the market for tokenizing real assets.
Vladimir stated during Robinhood's first-quarter earnings call that private equity tokenization represents a "huge breakthrough" for individuals and companies, addressing many issues in secondary market trading.
"I believe this will unlock tremendous economic value for the U.S. crypto industry," Vladimir said, having previously pointed out that crypto tokenization allows investors to purchase tokenized shares of well-known private companies like OpenAI and SpaceX in just minutes.
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Original article: “Robinhood Acquires Cryptocurrency Exchange Bitstamp for $200 Million”
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