Robinhood to Acquire Bitstamp in $200 Million Deal, Accelerating Global Crypto Expansion
Robinhood Markets, Inc. (“Robinhood”) has announced plans to acquire Bitstamp Ltd. (“Bitstamp”), a prominent global cryptocurrency exchange founded in 2011 with offices in Luxembourg, the UK, Slovenia, Singapore, and the US.
The acquisition, valued at approximately $200 million in cash, marks a significant move to bolster Robinhood Crypto’s international presence.
Bitstamp, renowned for its regulatory compliance with over 50 active licenses worldwide, will provide Robinhood immediate access to markets across the EU, UK, US, and Asia.
“This acquisition is a major milestone in our crypto business growth strategy,” stated Johann Kerbrat, General Manager of Robinhood Crypto.
“Bitstamp’s established reputation among retail and institutional investors, coupled with its robust infrastructure and product offerings, positions us to expand beyond the US market and attract institutional clients to Robinhood.”
We’re accelerating Robinhood Crypto’s worldwide expansion. Robinhood has officially entered into an agreement to acquire @Bitstamp, a global cryptocurrency exchange with customers across the EU, UK, US and Asia.
— Robinhood (@RobinhoodApp) June 6, 2024
More details: https://t.co/wk3x02z0rU pic.twitter.com/aadKzhCxlx
Bitstamp, recognized as one of the longest-running and most trusted cryptocurrency exchanges globally, offers deep order books, institutional-grade trade execution, and advanced API connectivity.
Its suite of institutional services, including white label solutions and staking, will integrate with Robinhood’s platform, enhancing its crypto offerings.
“As the world’s longest-standing crypto exchange, Bitstamp has built a reputation for transparency and reliability,” remarked JB Graftieaux, CEO of Bitstamp.
“Joining forces with Robinhood will enable us to deliver an enhanced trading experience while maintaining our commitment to security, compliance, and customer satisfaction.”
The acquisition, expected to close in the first half of 2025 pending regulatory approvals, signifies Robinhood’s foray into institutional crypto services.
Barclays Capital Inc. advised Robinhood on the transaction, while Galaxy Digital Partners LLC advised Bitstamp.
Robinhood and Bitstamp customers can anticipate continued high standards of service, security, and operational transparency as the integration progresses.
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