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 needs to be approved by 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, enabling it to operate around 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 to serve 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 a range of institutional services offered through Bitstamp, including institutional lending and staking.
Commenting on the development, Robinhood CEO and founder Vlad Tenev emphasized the company’s belief in the transformative 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’s global footprint, core spot exchange, and industry-leading products like crypto services, institutional lending, and staking,” Tenev added.
Robinhood faces regulatory scrutiny in the U.S.
The development comes as Robinhood faces scrutiny from U.S. regulators. Last month, Robinhood disclosed that it had received a Wells Notice from the U.S. Securities and Exchange Commission (SEC), 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. exchanges support a wide range of crypto assets, Robinhood lists only 15 tokens, including SHIB and BTC.
Interestingly, Robinhood will have access to over 80 tradable assets on Bitstamp and other products following the acquisition.
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