Robinhood completes $200M acquisition of Bitstamp alternate
Robinhood has formally closed its $200 million all-cash acquisition of Bitstamp, one of many world’s oldest cryptocurrency exchanges.
The all-cash deal, introduced on June 2, brings Bitstamp’s international operations beneath Robinhood’s umbrella. Bitstamp holds over 50 lively licenses throughout the EU, UK, U.S., and Asia and serves greater than 500,000 funded retail prospects and about 5,000 institutional shoppers.
The alternate reported $95 million in internet income over the 12 months ending April 30, with institutional buying and selling making up nearly all of quantity. Robinhood stated the mixing will probably be “EBITDA-neutral” within the brief time period, that means it’s not anticipated to impression earnings earlier than curiosity, taxes, and depreciation.
Nonetheless, it’s anticipated to turn out to be EBITDA-accretive inside a 12 months, including to Robinhood’s earnings as soon as the 2 companies are totally built-in. Through the the rest of 2025, the corporate expects associated working bills of $65 million, which will probably be pushed by integration efforts and core enterprise prices.
“The acquisition of Bitstamp is a significant step in rising our crypto enterprise,” stated Johann Kerbrat, common supervisor of Robinhood Crypto. “Bitstamp’s long-standing international alternate has proven resilience by market cycles and constructed one of many strongest reputations throughout retail and institutional crypto buyers.”
Based in 2011, Bitstamp presents institutional providers together with lending, staking, and white-label crypto infrastructure. Robinhood plans to combine Bitstamp’s expertise with its Sensible Order Routing and Legend buying and selling methods, laying the groundwork for broader institutional entry.
“Bringing Bitstamp’s platform and experience into Robinhood’s ecosystem will give customers an enhanced buying and selling expertise with a seamless dedication to compliance, safety, and customer-centricity.”
— JB Graftieaux, Bitstamp CEO
The deal follows Robinhood’s current $179 million settlement to accumulate Canadian crypto platform WonderFi. The acquisition will enhance its regulated footprint in North America and is anticipated to shut within the second half of the 12 months.
With $927 million in cryptocurrency income within the first quarter of 2025 alone, Robinhood is establishing itself as a significant drive within the institutional and worldwide digital asset markets. The corporate can be growing blockchain-based methods to tokenize U.S. securities for European buyers, contemplating Ethereum (ETH), Solana (SOL), and Arbitrum (ARB) as doable platforms.