- Robinhood finalizes $200M Bitstamp deal to expand global crypto services.
- Bitstamp adds 55,000 users and institutional strength to Robinhood’s platform.
- Acquisition boosts Robinhood’s global compliance, security, and customer trust in crypto.
In a major move, Robinhood has officially completed its $200 million all-cash Bitstamp acquisition, a well-known cryptocurrency exchange based in Luxembourg. This development plays a big role in Robinhood’s drive to expand its crypto services internationally. Launched in 2011, Bitstamp conducts business in several countries like Luxembourg, the United Kingdom, Slovenia, Singapore, and the United States. It has been operating in the crypto sector for many years and serves clients from over 50,000 retail and 5,000 institutional users. This news was shared on Bitstamp’s official X account.
Robinhood Gains Institutional Edge with Bitstamp Acquisition
This agreement fits within the original agreement made during June 2024. Bitstamp makes Robinhood’s community more attractive with its global reach and trusted name. Robinhood has more than 50 active registrations and licenses worldwide, making it able to quickly enter the markets in the EU, US, UK and Asia. As a result, Robinhood Crypto becomes better positioned to expand its services beyond the United States.
Besides retail customers, the deal enables Robinhood to introduce its first institutional crypto service. Many institutions choose Bitstamp as it offers reliable trading, extensive order lists and solid options for API linking. It has extra services like crypto-as-a-service, institutional lending and staking. For this reason, Robinhood starts its work in the institutional cryptocurrency sector with an established business.
The deal also adds Bitstamp’s skilled team to the list of people working for Robinhood. As a result, countries will collaborate more, share information and invent new ideas together. Both companies, according to Robinhood, will maintain the top-quality service, security and reliability they are famous for.
Johann Kerbrat, General Manager of Robinhood Crypto, highlighted the strategic value of the acquisition. He revealed that purchasing Bitstamp is a big move to strengthen our crypto operations. In periodic market fluctuations, Bitstamp’s global exchange as demonstrated reliability and strength. Bitstamp has earned a strong reputation among retail and large-scale crypto investors by focusing on strong customer service and safety everywhere.
Bitstamp-Robinhood Deal to Enhance Security, Compliance
On the same note, JB Graftieaux, CEO of Bitstamp, said he is excited to work with Robinhood. He pointed out that merging Bitstamp’s system and skills with Robinhood will empower users to trade more effectively and with continued strong security, regulatory adherence and attention to customer needs.
Robinhood made this deal just a few weeks after another large transaction was announced. The company disclosed on May 13 its intentions to purchase WonderFi, a Canadian digital asset platform. That deal is being done with all-cash and is worth about CAD 250 million which comes out to roughly USD 180 million. Robinhood’s decision demonstrates its focus on entering new steroids for sale areas and continuing in North America.
Lastly, the acquisition of Bitstamp by Robinhood signals a significant move in its international crypto activities. The result is both an improvement to what the company offers and access to new, global customers. Robinhood is set to play a big part in global cryptocurrency as it continues to expand its trusted platform choices.
