Robinhood Acquiring Bitstamp
Robinhood announced an agreement to acquire the global cryptocurrency exchange Bitstamp Ltd., aiming to expand its footprint beyond the US.
The Deets
- Strategic Move: Robinhood will acquire Bitstamp, a globally-scaled crypto exchange.
- Expansion: This acquisition positions Robinhood to expand outside the US.
- Institutional Business: Robinhood introduces its first institutional business with Bitstamp.
- Completion Date: The acquisition is expected to close in the first half of 2025.
The Bulk
Robinhood Markets, Inc. (“Robinhood”) is set to acquire Bitstamp Ltd. (“Bitstamp”), a leading global cryptocurrency exchange founded in 2011, with offices in Luxembourg, the UK, Slovenia, Singapore, and the US. This strategic acquisition will significantly accelerate Robinhood Crypto’s expansion worldwide, leveraging Bitstamp’s over 50 active licenses and registrations. Bitstamp brings a robust institutional business to Robinhood, trusted for its reliable trade execution, deep order books, and industry-leading API connectivity.
Bitstamp’s institutional offerings, including its white label solution Bitstamp-as-a-service, institutional lending, and staking, will enable Robinhood to enter the space with established relationships and infrastructure. Additionally, Bitstamp’s core spot exchange, featuring over 85 tradable assets, along with its staking and lending products, will enhance Robinhood’s crypto offerings.
🎤 Founder Feedback
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 investorsJohann Kerbrat, General Manager of Robinhood Crypto
🔜 What's Next?
The acquisition is expected to close in the first half of 2025, subject to customary closing conditions, including regulatory approvals. Robinhood and Bitstamp customers can anticipate the same high level of service, security, and reliability throughout this transition.
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