Robinhood Acquires Bitstamp for $200M in Global Crypto Push

Robinhood has officially acquired Bitstamp, one of the world’s longest-running crypto exchanges, in a $200 million all-cash deal.

The move significantly expands Robinhood’s crypto business beyond the U.S., marking a strategic leap into Europe, the UK, and Asia. Bitstamp brings with it over 50 licenses and registrations, plus a strong institutional client base.

🌍 Global Reach, Institutional Strength

Founded in Luxembourg, Bitstamp serves more than 5,000 institutional clients and over 50,000 retail customers. Most of its trading volume comes from institutional activity, making it a natural fit for Robinhood’s ambitions in the crypto sector.

Robinhood says Bitstamp will bolster its compliance infrastructure and give it the operational scale needed to compete globally.

“This acquisition extends our crypto footprint into new markets and gives us a trusted brand with strong regulatory standing,” Robinhood stated on June 2.

💸 Deal Details and Financial Impact

Acquisition Cost: $200 million in cash
Bitstamp Revenue (Last 12 Months): $95 million
Robinhood Crypto Q1 2025 Revenue: $252 million
Estimated Bitstamp-Related Expenses (Rest of 2025): $65 million

Robinhood’s share price reacted positively, closing 2.77% higher at $67.98, with additional gains in after-hours trading.

🔗 Already Integrating Platforms

Bitstamp’s trading infrastructure is now being integrated with Robinhood Legend and the company’s Smart Exchange Routing tools, enhancing liquidity and routing efficiency across both platforms.

This integration supports Robinhood’s broader strategy of offering a seamless, institution-grade crypto experience, even for retail users.

🚀 Tokenization: Robinhood’s Next Big Bet

CEO Vladimir Tenev confirmed that tokenizing real-world assets (RWAs) — especially private equities — is a key area of focus.

He believes tokenization can solve friction in secondary markets and unlock broader investor access to assets like OpenAI and SpaceX shares.

“Tokenization is a huge unlock for individuals and companies,” said Tenev during Robinhood’s Q1 2025 earnings call. “It can unleash massive economic value in the U.S. crypto industry.”

📈 A Broader Crypto M&A Strategy

This isn’t Robinhood’s only crypto deal this year. On May 13, the company agreed to acquire WonderFi, a Canadian crypto platform, for $179 million — part of its expansion into Canada.

According to Robinhood Crypto GM Johann Kerbrat, more deals could follow. “If we can fast-forward our roadmap by 18 months or more, we’ll keep looking at strategic acquisitions,” he told CNBC.