Robinhood confirms plans to acquire Bitstamp

Robinhood, a well-known cryptocurrency trading app, has confirmed plans to acquire leading European exchange Bitstamp for approximately $200 million.
Robinhood confirmed the development in a press release today, highlighting that it had reached an agreement with Bitstamp.
Transaction Details
Under the agreement, Robinhood will pay nearly $200 million in cash for the acquisition. The transaction is expected to be completed in the first half of 2025. It is worth noting that this forecast still needs approval from relevant regulatory authorities.
The acquisition will allow Robinhood to compete with top cryptocurrency exchanges such as Coinbase and Binance. Founded in 2011, Bitstamp currently has offices in Luxembourg, Slovenia, the United Kingdom, the United States and Singapore.
In addition to having physical offices in these regions, Bitstamp holds more than 50 active licenses that enable it to operate in different parts of the world.
According to the announcement, the acquisition of Bitstamp will accelerate Robinhood’s global expansion plans into other markets, particularly in Europe and Asia.
Robinhood serves institutional clients
Through the deal, Robinhood will offer its products to institutional clients. The press release noted that institutional clients have long relied on Bitstamp for efficient trade execution, top-tier API connectivity, and extensive order books.
Robinhood aims to provide strong relationships and cutting-edge products to institutional clients through Bitstamp’s suite of institutional services, including institutional lending and hedging.
Commenting on the development, Robinhood CEO and founder Vlad Tenev stressed the company’s confidence in the transformational potential of cryptocurrencies in reshaping the global financial system.
Tenev said the agreement to acquire Bitstamp will accelerate Robinhood’s vision of integrating cryptocurrencies into mainstream finance.
“Soon, we will be working with Bitstamp to leverage its global footprint, core spot exchange, and industry-leading products such as crypto services, institutional lending, and staking,”
Tenev added.
Robinhood faces regulatory scrutiny in the U.S.
The development comes at a time when Robinhood faces regulatory scrutiny in the United States. Last month, Robinhood disclosed that the SEC had sent it a Wells Notice, indicating that the regulator planned to take enforcement action against the company.
The SEC’s action against Robinhood surprised many, given the company’s conservative approach to listing tokens. While several U.S.-based exchanges support a wide range of crypto assets, Robinhood lists only 15 coins, including SHIB and BTC.
Interestingly, Robinhood will gain access to over 80 tradable assets and other products following the acquisition.
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