Robinhood Acquires Global Crypto Exchange Bitstamp for $200 Million to Drive International Expansion

Robinhood Markets announced on 6 June 2024 that it had agreed to acquire Bitstamp, the cryptocurrency exchange, for $200 million. The deal gives Robinhood a regulated exchange with more than 50 licences and registrations globally, serving retail and institutional customers in the EU, the UK, the US and Asia.

Bitstamp's core spot exchange supports more than 85 tradable digital assets and holds regulatory authorisations in multiple markets, including Europe and the United Kingdom, where it has maintained a presence for over a decade.

BACKGROUND

Bitstamp was founded in 2011.

Robinhood said the deal formed part of its strategy to diversify into international crypto markets.

DEAL TERMS AND TIMING

The transaction remained subject to customary regulatory approvals at the time of announcement. Robinhood said it expected the deal to close in the first half of 2025, with final consideration of approximately $200 million in cash, subject to customary purchase price adjustments.