Robinhood has agreed to acquire global crypto exchange Bitstamp for around $200 million in cash. Subject to regulatory approvals, the deal is expected to close in the first half of 2025. Barclays advised Robinhood, while Galaxy Digital Partners advised Bitstamp.

Founded in 2011, Bitstamp operates in multiple regions, including Luxembourg, the UK, Slovenia, Singapore, and the US, holding over 50 licenses and registrations. This acquisition aims to help Robinhood overcome regulatory challenges and expand its crypto offerings globally, bringing in customers from the EU, UK, US, and Asia.

Robinhood CEO Vlad Tenev mentioned the company's struggle with US regulatory requirements, emphasizing the acquisition's role in strengthening their crypto market position and attracting institutional clients. Bitstamp’s institutional services and spot exchange with over 85 tradable assets will be integrated into Robinhood’s platform.

Johann Kerbrat, General Manager of Robinhood Crypto, called the acquisition a strategic move to grow their crypto business by leveraging Bitstamp’s reputation. Bitstamp CEO JB Graftieaux noted the integration will improve the trading experience while maintaining compliance, security, and customer focus.

The acquisition will introduce Robinhood’s first institutional business, leveraging Bitstamp’s platform and expertise, and position Robinhood to expand internationally, fostering collaboration and innovation.