Bitstamp, based in Luxembourg, brings over 50 licenses and registrations across several countries. It also comes with a strong user base \u2014 serving more than 5,000 institutional clients and 50,000 retail customers. Most of its trading activity comes from institutions, which Robinhood hopes to benefit from.<\/p>\n\n\n\n
The acquisition, first announced in June 2024, was finalized without any changes to the deal amount, Robinhood said in a statement on June 2.<\/p>\n\n\n\n
With this deal, Robinhood is expanding its crypto operations beyond the United States into the UK, Europe, and parts of Asia. This supports Robinhood\u2019s goal to become a major player in the global cryptocurrency market.<\/p>\n\n\n\n
Bitstamp reported $95 million in revenue for the 12 months ending April 30. In comparison, Robinhood\u2019s crypto business earned $252 million just in the first quarter of 2025.<\/p>\n\n\n\n
Robinhood has already started integrating Bitstamp\u2019s platform. Bitstamp is now connected to Robinhood Legend and its Smart Exchange Routing system, which is designed to improve trade execution.<\/p>\n\n\n\n
However, the deal also brings new costs. Robinhood expects to spend about $65 million in Bitstamp-related expenses over the rest of 2025.<\/p>\n\n\n\n
This isn\u2019t Robinhood\u2019s only move in the crypto space. On May 13, it announced plans to acquire WonderFi, a Canadian crypto platform, for around $179 million. That deal is aimed at strengthening Robinhood\u2019s position in the Canadian crypto market.<\/p>\n\n\n\n
Robinhood Crypto\u2019s general manager, Johann Kerbrat, told CNBC on June 2 that the company is open to more crypto acquisitions. \u201cIf we can speed up our roadmap by 18 months or even two years with a smart acquisition, we\u2019ll seriously consider it,\u201d he said.<\/p>\n\n\n\n
The news helped boost Robinhood\u2019s stock. Shares (HOOD) closed up 2.77% at $67.98 on June 2, with a small increase in after-hours trading.<\/p>\n\n\n\n
Looking ahead, Robinhood wants to go beyond just crypto trading. CEO Vladimir Tenev said the company is now focusing on tokenizing real-world assets \u2014 starting with private equities.<\/p>\n\n\n\n
Tenev said tokenization can make it easier for people to buy and sell shares in private companies, helping solve problems in secondary markets. He believes this could bring major value to the U.S. crypto industry.<\/p>\n\n\n\n
In past statements, Tenev mentioned that this technology could allow investors to trade tokenized shares in popular firms like OpenAI and SpaceX \u2014 all within minutes.<\/p>\n","protected":false},"excerpt":{"rendered":"
Robinhood has officially completed its $200 million cash deal to buy Bitstamp, one of the oldest cryptocurrency exchanges in Europe. … <\/p>\n