Robinhood Markets, Inc. has announced its agreement to acquire Bitstamp Ltd., a prominent global cryptocurrency exchange. Founded in 2011, Bitstamp operates in several key locations including Luxembourg, the UK, Slovenia, Singapore, and the US. This acquisition will enhance Robinhood’s global footprint, particularly expanding its reach into the EU, UK, US, and Asia by integrating Bitstamp’s extensive regulatory licenses and established customer base.
The acquisition will mark Robinhood’s first foray into institutional crypto services. Bitstamp’s reputation for reliable trade execution, deep order books, and advanced API connectivity will complement Robinhood’s crypto offerings. The acquisition will also introduce Bitstamp’s institutional products such as white label solutions, lending, and staking to Robinhood’s portfolio.
Robinhood’s General Manager of Crypto, Johann Kerbrat, highlighted that the deal represents a significant step in growing their crypto business. The acquisition is expected to enhance customer experience and safety while leveraging Bitstamp’s longstanding reputation and robust infrastructure. Bitstamp’s CEO, JB Graftieaux, emphasized that the integration will provide users with an improved trading experience and a continued commitment to compliance and security.
The deal, valued at approximately $200 million, is anticipated to close in the first half of 2025, pending regulatory approvals. Both companies are committed to maintaining transparency and ensuring a seamless transition for their customers. Barclays Capital Inc. and Galaxy Digital Partners LLC are serving as financial advisors for the transaction.
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