Robinhood to Acquire Bitstamp in $200M Deal
Robinhood Markets Inc. will acquire the European cryptocurrency exchange Bitstamp Ltd. for $200 million as part of its strategy to expand beyond the US market. The deal is anticipated to close in the first half of 2025.
- “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. Through this strategic combination, we are better positioned to expand our footprint outside of the US and welcome institutional customers to Robinhood,” said Johann Kerbrat, General Manager of Robinhood Crypto.
“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,” said JB Graftieaux, CEO of Bitstamp.
- Bitstamp, established in 2011, operates offices in Luxembourg, the UK, Slovenia, Singapore, and the US. The exchange holds over 50 active licenses and registrations globally, serving customers across the European Union, United Kingdom, United States, and Asia.
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