Robinhood Acquires Bitstamp for $200M
Robinhood Expands Crypto Empire with Bitstamp Acquisition
Robinhood Markets, Inc. has completed its acquisition of Luxembourg-based crypto exchange Bitstamp for $200 million. This strategic move significantly boosts Robinhood's crypto capabilities, adding over 50 licenses and registrations and a substantial institutional client base.
The acquisition price remained consistent with the initial June 2024 agreement and was fully financed in cash. Bitstamp brings over 5,000 institutional clients and 50,000 retail customers to Robinhood, with institutional trading volume dominating its activity. This expands Robinhood's crypto reach beyond the US into Europe, the UK, and Asia.
Financial Impact and Future Plans
Bitstamp generated $95 million in revenue in the twelve months ending April 30th, 2025. Robinhood's crypto division reported $252 million in revenue during the first quarter of 2025. Robinhood anticipates approximately $65 million in Bitstamp-related costs for the remainder of 2025. Integration of Bitstamp's platform with Robinhood Legend and Smart Exchange Routing is already underway.
This acquisition follows Robinhood's agreement to purchase Canadian crypto platform WonderFi for approximately $179 million. Robinhood's CEO, Vladimir Tenev, indicated that further crypto acquisitions are a possibility.
Tokenization: Robinhood's Next Crypto Focus
Robinhood's CEO has highlighted the company's intention to expand into real-world asset tokenization. Tokenizing private equities is seen as a significant opportunity to streamline secondary market transactions and unlock economic value within the crypto industry, potentially enabling investors to trade tokenized shares of private companies like OpenAI and SpaceX.
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Note: Stock prices mentioned reflect the closing values on June 2nd, 2025.