Robinhood acquires crypto exchange Bitstamp for $200M
Robinhood Markets, Inc. has closed a $200 million acquisition of Luxembourg-based crypto exchange Bitstamp, adding over 50 licenses and registrations and an established institutional client base to its crypto arm.
The $200 million consideration was unchanged from an initial agreement in June 2024 and was paid entirely in cash, Robinhood said on June 2.
Bitstamp serves over 5,000 institutional clients and 50,000 retail customers, with most of its trading volume driven by its institutional base.
Robinhood said in a separate June 2 statement that the acquisition significantly expands its crypto footprint beyond the US into the European, UK and Asian markets.
Bitstamp reported $95 million in revenue for the last 12 months…
