News
Robinhood ventures into institutional crypto space with acquisition of Bitstamp
Robinhood Markets, Inc. announced its agreement to acquire Bitstamp Ltd, a global cryptocurrency exchange. Founded in 2011, Bitstamp operates offices in Luxembourg, the United Kingdom, Slovenia, Singapore and the United States.
The acquisition is expected to accelerate Robinhood Crypto’s global expansion. Bitstamp holds over 50 active licenses and registrations worldwide, attracting customers from the EU, UK, US and Asia to Robinhood’s platform.
This acquisition marks Robinhood’s venture into the institutional business, leveraging Bitstamp’s reputation for reliable trade execution, deep order books and leading APIs connectivity . Bitstamp’s institutional offerings, including the Bitstamp-as-a-service white label solution, institutional lending and staking, will provide Robinhood with established relationships and industry-leading products.
Bitstamp’s main spot exchange offers over 85 tradable assets, along with products like episode and loans, which will enhance Robinhood’s Crypto offering.
“As the world’s longest-running cryptocurrency exchange, Bitstamp is known as one of the most trusted and transparent crypto platforms in the world,” said JB Graftieaux, CEO of Bitstamp. “Bringing Bitstamp’s platform and expertise to the Robinhood ecosystem will provide users with an enhanced trading experience with an ongoing commitment to compliance, security and customer centricity.”
Waiting for regulatory green light
The final consideration on the deal is expected to be approximately $200 million in cash, subject to customary purchase price adjustments. The acquisition is pending regulatory approvals and other closing conditions, with completion expected in the first half of 2025. Barclays Capital Inc. acted as exclusive financial advisor to Robinhood, while Galaxy Digital Partners LLC advised Bitstamp.
“By seamlessly blending customer experience with security across all geographies, the Bitstamp team has established one of the strongest reputations among retail and institutional cryptocurrency investors,” said Johann Kerbrat, managing director of Robinhood Crypto. “With this strategic combination, we are better positioned to expand our presence outside the United States and welcome institutional clients to Robinhood.”
Robinhood Markets, Inc. announced its agreement to acquire Bitstamp Ltd, a global cryptocurrency exchange. Founded in 2011, Bitstamp operates offices in Luxembourg, the United Kingdom, Slovenia, Singapore and the United States.
The acquisition is expected to accelerate Robinhood Crypto’s global expansion. Bitstamp holds over 50 active licenses and registrations worldwide, attracting customers from the EU, UK, US and Asia to Robinhood’s platform.
This acquisition marks Robinhood’s venture into the institutional business, leveraging Bitstamp’s reputation for reliable trade execution, deep order books and leading APIs connectivity . Bitstamp’s institutional offerings, including the Bitstamp-as-a-service white label solution, institutional lending and staking, will provide Robinhood with established relationships and industry-leading products.
Bitstamp’s main spot exchange offers over 85 tradable assets, along with products like episode and loans, which will enhance Robinhood’s Crypto offering.
“As the world’s longest-running cryptocurrency exchange, Bitstamp is known as one of the most trusted and transparent crypto platforms in the world,” said JB Graftieaux, CEO of Bitstamp. “Bringing Bitstamp’s platform and expertise to the Robinhood ecosystem will provide users with an enhanced trading experience with an ongoing commitment to compliance, security and customer centricity.”
Waiting for regulatory green light
The final consideration on the deal is expected to be approximately $200 million in cash, subject to customary purchase price adjustments. The acquisition is pending regulatory approvals and other closing conditions, with completion expected in the first half of 2025. Barclays Capital Inc. acted as exclusive financial advisor to Robinhood, while Galaxy Digital Partners LLC advised Bitstamp.
“By seamlessly blending customer experience with security across all geographies, the Bitstamp team has established one of the strongest reputations among retail and institutional cryptocurrency investors,” said Johann Kerbrat, managing director of Robinhood Crypto. “With this strategic combination, we are better positioned to expand our presence outside the United States and welcome institutional clients to Robinhood.”