Robinhood has announced its agreement to acquire global crypto exchange Bitstamp for approximately $200 million in cash. The acquisition, subject to regulatory approvals and customary closing conditions, is expected to be finalized in the first half of 2025. Barclays and Galaxy Digital Partners were exclusive financial advisors to Robinhood and Bitstamp, respectively.

Bitstamp, founded in 2011, operates in multiple regions, including Luxembourg, the UK, Slovenia, Singapore, and the US. The exchange holds over 50 active licenses and registrations globally, which could be a major reason for the move to fast-track regulatory hurdles as Robinhood looks to expand its offerings. This acquisition will significantly enhance Robinhood Crypto’s global footprint, bringing in customers from the EU, UK, US, and Asia.

Robinhood CEO Vlad Tenev told CNBC last month, following its Wells Notice from the SEC, that it had struggled to navigate US regulatory requirements.

“We tried to create what we call a special purpose broker-dealer for transacting in crypto assets… Unfortunately, a clear path forward with the SEC never emerged, and they did not reciprocate our efforts.”

The acquisition is designed to strengthen Robinhood’s position in the crypto market and draw in institutional clients with new product offerings. Bitstamp’s institutional services—including white-label solutions, institutional lending, and staking—will be integrated into Robinhood’s ecosystem, creating a comprehensive suite of crypto products. Additionally, Bitstamp’s core spot exchange, which features over 85 tradable assets, will further enhance Robinhood’s crypto offerings.

Johann Kerbrat, General Manager of Robinhood Crypto, emphasized that the acquisition is a strategic move to grow their crypto business, leveraging Bitstamp’s established reputation and resilient market presence. JB Graftieaux, CEO of Bitstamp, highlighted that the integration will enhance users’ trading experience while maintaining a strong commitment to compliance, security, and customer-centricity.

The acquisition is expected to introduce Robinhood’s first institutional business, leveraging Bitstamp’s platform and expertise. This strategic combination positions Robinhood to expand its footprint outside the US and welcome institutional customers, fostering collaboration, innovation, and knowledge sharing across continents.

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