“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.”
Robinhood has announced it has reached a deal to acquire Bitstamp, the crypto exchange founded in 2011 and with offices in Luxembourg, the UK, Slovenia, Singapore, and the United States.
Robinhood expects the final deal consideration to be approximately $200 million in cash, subject to customary purchase price adjustments.
Robinhood to enter institutional crypto via Bitstamp
The deal is expected to better position Robinhood to expand outside of the US and will bring a trusted and reputable institutional business to Robinhood. Holding over 50 active licenses and registrations globally, Bitstamp caters to retail and institutional customers across the EU, UK, US, and Asia.
Expected to close in the first half of 2025, this acquisition will introduce Robinhood’s first institutional business as Bitstamp is known for its reliable trade execution, deep order books, and API connectivity. The crypto exchange’s other institutional offerings include white label solution Bitstamp-as-a-service, institutional lending, and staking.
This way, Robinhood will enter the space with active and established relationships, infrastructure, and industry-leading products. Bitstamp’s core spot exchange, with over 85 tradable assets, and products like staking and lending, will enhance Robinhood’s Crypto offering.
“One of the strongest reputations across retail and institutional crypto investors”
Johann Kerbrat, General Manager of Robinhood Crypto, said: “The acquisition of Bitstamp is a major step in growing our crypto business. Bitstamp’s highly trusted and long standing global exchange has shown resilience through market cycles. By seamlessly coupling customer experience with safety across geographies, the Bitstamp team has established one of the strongest reputations across retail and institutional crypto investors. Through this strategic combination, we are better positioned 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.”
