Robinhood Officially Acquires Bitstamp for $200 Million, Ushering in the Era of Global Institutional Cryptocurrency
The historic deal will expand Robinhood’s crypto operations into Europe, Asia, and the U.S., while adding institutional trading capabilities and a global licensing network.
Robinhood Markets Inc. (Nasdaq: HOOD) has confirmed that it has completed the acquisition of Bitstamp Ltd. – one of the world’s longest-running cryptocurrency exchanges – for $200 million. The all-cash deal, first announced in June 2024, marks a major milestone in Robinhood’s global crypto expansion and entry into the institutional digital asset market.
Founded in 2011, Bitstamp maintains a presence in Luxembourg, the UK, Slovenia, Singapore and the US, and holds over 50 active financial licenses and registrations globally. With the acquisition, Robinhood now adds hundreds of thousands of retail users and thousands of institutional clients to its ecosystem, spanning key markets such as the European Union, the US, the UK and Asia.
Vlad Tenev, CEO and co-founder of Robinhood, wrote on the X platform:
“Bitstamp is now officially part of Robinhood – marking the first time we own a global crypto exchange and enter the institutional crypto business. We’re just getting started!”
Adding Institutional Trading Power to Robinhood Crypto
The Bitstamp acquisition extends beyond geographic expansion, giving Robinhood Crypto the ability to launch institutional crypto services, including:
Crypto trading as a service
Digital asset staking and lending
Deep liquidity and advanced trading infrastructure
Johann Kerbrat, CEO of Robinhood Crypto, said:
“Bitstamp is a trusted global exchange that has proven its ability to survive multiple market cycles. They combine a seamless user experience and safety standards across multiple geographies. This acquisition significantly accelerates Robinhood’s growth in the crypto space.”
Bitstamp: 13 Years of Transparency and Trust in the Crypto Industry
As the world’s longest-running cryptocurrency exchange, Bitstamp has long been trusted by investors for its transparency, commitment to compliance, and top-notch security.
Jean-Baptiste Graftieaux, CEO of Bitstamp, commented:
“Joining Robinhood allows Bitstamp to leverage its technical expertise and global experience, providing users with a premium trading experience with comprehensive legal and customer service support.”
The entire Bitstamp team will be fully integrated into the Robinhood ecosystem, aiming to foster global innovation and maintain the quality of service built over more than a decade.
Towards the Future of Institutional Cryptocurrency
The Robinhood–Bitstamp deal is considered by experts to be a strategic move in the context of the increasingly institutionalized cryptocurrency market. The combination of Robinhood’s financial strength, user-friendly technology, and Bitstamp’s global trading infrastructure could create a new force in the crypto industry.
Robinhood Crypto LLC is currently licensed to operate a virtual currency business by the New York State Department of Financial Services (NYDFS), strengthening the company's position in regulatory compliance and sustainable development in the US market.