Robinhood acquires crypto trade Bitstamp for $200M
Robinhood Markets, Inc. has closed a $200 million acquisition of Luxembourg-based crypto trade Bitstamp, including over 50 licenses and registrations and a longtime institutional consumer base to its crypto arm.
The $200 million consideration was unchanged from an preliminary settlement in June 2024 and was paid solely in money, Robinhood mentioned on June 2.
Bitstamp serves over 5,000 institutional shoppers and 50,000 retail prospects, with most of its buying and selling quantity pushed by its institutional base.
Robinhood mentioned in a separate June 2 assertion that the acquisition considerably expands its crypto footprint past the US into the European, UK and Asian markets.
Bitstamp reported $95 million in income for the final 12 months ending April 30, whereas Robinhood’s crypto enterprise made $252 million within the first quarter of 2025.
Robinhood mentioned it has began integrating Bitstamp’s crypto platform and that Bitstamp is already related to Robinhood Legend and its Good Alternate Routing providing.
Robinhood expects to file roughly $65 million of Bitstamp-related prices over the remaining seven months of 2025.
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Robinhood has additionally agreed to amass Canadian crypto platform WonderFi for roughly $179 million on Might 13 as a part of a transfer to strengthen its presence within the Canadian market.
Robinhood Crypto normal supervisor Johann Kerbrat instructed CNBC on June 2 that the agency hasn’t dominated out the potential for different crypto acquisitions.
“If we are able to discover a strategy to speed up by at the least 18 months or two years — and we now have plenty of nice motive to consider it is a nice acquisition — it’s one thing that we’ll undoubtedly have a look at.”
Shares in Robinhood (HOOD) closed June 2 buying and selling up 2.77% to $67.98, with good points extending by 0.44% in after-hours, in response to Google Finance.
Tokenization is Robinhood’s subsequent crypto focus
A key focus for Robinhood CEO Vladimir Tenev is to increase the agency’s crypto choices into the real-world asset tokenization market.
Tokenizing personal equities is a “big unlock” for each people and corporations that may remedy plenty of issues in secondary market transactions, Tenev mentioned in Robinhood’s first quarter earnings name.
“I feel that can unlock a ton of financial worth for the crypto business within the US,” mentioned Tenev, who beforehand identified that crypto tokenization may let traders purchase tokenized shares in big-name personal corporations like OpenAI and SpaceX inside minutes.
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