Robinhood Markets, Inc. is set to acquire Bitstamp Ltd., a move that promises to enhance Robinhood’s crypto offerings and expand its global footprint. The acquisition, expected to close in the first half of 2025, aims to bring Bitstamp’s robust and reputable crypto exchange services to Robinhood’s platform, catering to both retail and institutional customers across the EU, UK, US, and Asia.
Expanding Beyond US Borders
This strategic acquisition marks Robinhood’s significant push to establish a presence outside the United States. Bitstamp, founded in 2011, operates globally with offices in Luxembourg, the UK, Slovenia, Singapore, and the US. With over 50 active licenses and registrations worldwide, Bitstamp will facilitate Robinhood Crypto’s rapid global expansion.
Introducing Institutional Services
For the first time, Robinhood will venture into the institutional market, leveraging Bitstamp’s established reputation for reliable trade execution, deep order books, and top-tier API connectivity. Bitstamp’s additional institutional services, such as its white label solution Bitstamp-as-a-service, institutional lending, and staking, will complement Robinhood’s offerings. This acquisition will integrate Bitstamp’s core spot exchange, which features over 85 tradable assets, further enriching Robinhood’s crypto portfolio.
Leadership Insights
Johann Kerbrat, General Manager of Robinhood Crypto, emphasized the importance of this acquisition: “The acquisition of Bitstamp is a major step in growing our crypto business. Bitstamp’s highly trusted and long-standing global exchange has shown resilience through market cycles. By seamlessly coupling customer experience with safety across geographies, the Bitstamp team has established one of the strongest reputations among retail and institutional crypto investors.”
JB Graftieaux, CEO of Bitstamp, shared his excitement about the merger: “As the world’s longest-running cryptocurrency exchange, Bitstamp is known as one of the most-trusted and transparent crypto platforms worldwide. Bringing Bitstamp’s platform and expertise into Robinhood’s ecosystem will give users an enhanced trading experience with a continuing commitment to compliance, security, and customer-centricity.”
Collaboration and Innovation
The merger will see Bitstamp’s team join forces with Robinhood, fostering collaboration and innovation across continents. Both Robinhood and Bitstamp customers can expect to continue receiving the same level of service, security, and reliability. Transparency will remain a key focus throughout the integration process.
Financial and Advisory Details
Robinhood has valued the final deal consideration at approximately $200 million in cash, subject to customary purchase price adjustments. The acquisition is pending regulatory approvals and other customary closing conditions. Barclays Capital Inc. acted as the exclusive financial advisor to Robinhood, while Galaxy Digital Partners LLC served as the exclusive financial advisor to Bitstamp.
As Robinhood and Bitstamp prepare for this transformative acquisition, the crypto market eagerly anticipates the enhanced capabilities and expanded reach this merger promises to deliver.
