Bitstamp and Stripe have teamed up to allow consumers across the EU to easily purchase cryptocurrencies directly.
These are two of the most trusted and reliable fintech brands in the world. The crypto exchange pioneer joined forces with Stripe to support the financial infrastructure platform’s fiat-to-crypto onramp across the EU.
An expansion of Bitstamp-as-a-service
Stripe onramp is a customizable widget that developers can embed directly into their app or website, providing users with a seamless checkout experience optimized for cryptocurrency conversion. This allows near-instant settlement of crypto transactions.
Developers can integrate Stripe’s crypto onramp into their products with just a few lines of code, while Stripe and Bitstamp handle the underlying complexity. With this partnership, Bitstamp will manage the fiat currency to cryptocurrency conversion and transfers to consumers.
This integration represents an expansion of Bitstamp-as-a-service, further solidifying cryptocurrency’s role in the digital payments ecosystem. Stripe’s crypto onramp supports various cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Stellar (XLM), and USD Coin (USDC).
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“How best to serve the needs of our users and their customers in the EU”
Jean-Baptiste Graftieaux, Global CEO of Bitstamp, said: “We’re immensely proud to have been chosen to partner with Stripe – one of the biggest and most trusted players in the payments space. It’s a testament to our own record for safety, reliability, and security.”
John Egan, Head of Stripe Crypto, commented: “Bitstamp’s long-standing reputation as a trusted partner made them an easy choice for us when considering how best to serve the needs of our users and their customers in the EU.”
Robinhood agreed to acquire Bistamp for $200 million
Robinhood Markets is planning to offer cryptocurrency futures to its customers in the U.S. and Europe later this year. The commission-free trading app will leverage the licenses of Bitstamp, a crypto exchange it agreed to buy last month for $200 million, once the transaction closes next year.
Robinhood plans to introduce CME-based futures for Bitcoin and Ether in the U.S. However, a spokesperson for the company stated, “We have no imminent plans to launch these offerings.”
The acquisition of Bitstamp, expected to close next year, will allow Robinhood to use Bitstamp’s licenses to offer perpetual futures for Bitcoin and other tokens in Europe. These plans have not been publicly announced and come from anonymous sources, according to Bloomberg.
A crypto derivatives contract is a financial instrument whose value is based on an underlying cryptocurrency asset. It enables traders to speculate on price movements without owning the asset.
If Robinhood begins offering crypto derivatives, it will compete directly with Coinbase, which is already active in the crypto derivatives market.
