tl;dr
Robinhood Markets, Inc. has agreed to acquire Bitstamp Ltd., a global cryptocurrency exchange. The acquisition will extend Bitstamp's reach to retail and institutional customers across the EU, UK, US, and Asia. The deal is expected to close in the first half of 2025 pending regulatory approvals. Bit...
Robinhood Markets, Inc. (“Robinhood”) has agreed to acquire Bitstamp Ltd. (“Bitstamp”), a global cryptocurrency exchange. This move will bring Bitstamp's widely-scaled crypto exchange to Robinhood, extending its reach to retail and institutional customers across the EU, UK, US, and Asia. The acquisition is expected to close in the first half of 2025, pending customary closing conditions and regulatory approvals.
Founded in 2011, Bitstamp has offices in Luxembourg, the UK, Slovenia, Singapore, and the US, and holds over 50 active licenses and registrations globally. The acquisition will introduce Robinhood’s first institutional business, leveraging Bitstamp's trusted reputation and institutional offerings such as reliable trade execution, deep order books, and industry-leading API connectivity.
Bitstamp's core spot exchange, featuring over 85 tradable assets, along with products like staking and lending, is set to enhance Robinhood's Crypto offering. The final deal consideration is anticipated to be approximately $200 million in cash, subject to customary purchase price adjustments.
Johann Kerbrat, General Manager of Robinhood Crypto, stated, “The acquisition of Bitstamp is a major step in growing our crypto business, better positioning us to expand our footprint outside of the US and welcome institutional customers to Robinhood.”
JB Graftieaux, CEO of Bitstamp, commented, “As the world’s longest running cryptocurrency exchange, Bitstamp is known as one of the most-trusted and transparent crypto platforms worldwide. 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.”
The acquisition is anticipated to foster collaboration, innovation, and knowledge sharing across continents, with both Robinhood and Bitstamp customers expecting the same level of service, security, and reliability. Barclays Capital Inc. served as exclusive financial advisor to Robinhood, while Galaxy Digital Partners LLC served as exclusive financial advisor to Bitstamp.
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