Robinhood to Acquire Bitstamp in a $200M Cash Deal

US-based retail trading app Robinhood Markets, Inc. announced Thursday (June 6) that it has entered into an agreement to acquire Bitstamp Ltd., a global crypto exchange, in a move to expand its crypto business internationally. The final deal consideration is expected to be approximately $200 million in cash.

Bitstamp has offices in Luxembourg, the UK, Slovenia, Singapore, and the US, and holds over 50 active licenses and registrations globally. According to the announcement, the exchange will bring in customers across the EU, UK, US and Asia to Robinhood.

Robinhood is planning its first institutional business, as "Bitstamp has been trusted by its institutional clients for reliable trade execution, deep order books and industry-leading API connectivity".

"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," said Johann Kerbrat, General Manager of Robinhood Crypto. "Through this strategic combination, we are better positioned to expand our footprint outside of the US and welcome institutional customers to Robinhood."

"As the world's longest running cryptocurrency exchange, Bitstamp is known as one of the most-trusted and transparent crypto platforms worldwide," said JB Graftieaux, CEO of Bitstamp. "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."

The deal is expected to close in the first half of 2025.

Robinhood Crypto has launched the trading API​ for its customers in the US a week before, allowing users to access and review cryptocurrency market data, manage their portfolios and account information, and place cryptocurrency orders programmatically.

In March, Bitstamp has obtained in-principle regulatory approval​ from the Monetary Authority of Singapore (MAS).