Robinhood completes $200M deal to acquire Bitstamp crypto exchange

Robinhood Markets, Inc. has finalised its $200 million acquisition of Bitstamp, a Luxembourg-based cryptocurrency exchange.

The deal, paid entirely in cash, was announced on June 2 and remains consistent with the initial agreement made in June 2024.

Bitstamp holds over 50 licenses and registrations and serves more than 5,000 institutional clients alongside 50,000 retail customers.

The exchange’s trading volume is primarily driven by its institutional base.

Robinhood stated that the acquisition will expand its crypto presence beyond the United States into Europe, the United Kingdom, and Asia.

For the 12 months ending April 30, Bitstamp reported $95 million in revenue.

In comparison, Robinhood’s crypto business generated $252 million in revenue in the first quarter of 2025.

Integration of Bitstamp’s crypto platform with Robinhood’s existing services has already begun, including connections to Robinhood Legend and its Smart Exchange Routing system.

The company anticipates incurring approximately $65 million in Bitstamp-related costs during the remaining seven months of 2025.

In addition to this acquisition, Robinhood agreed to purchase Canadian crypto platform WonderFi for about $179 million in May to strengthen its position in Canada.

Johann Kerbrat, Robinhood Crypto general manager, told CNBC on June 2 that the company is open to further crypto acquisitions if they can accelerate growth by 18 months to two years.

“If we can find a way to accelerate by at least 18 months or two years — and we have a lot of great reason to believe this is a great acquisition — it’s something that we’ll definitely look at,” Kerbrat said.

Robinhood CEO Vladimir Tenev has highlighted tokenisation of real-world assets as a key future focus.

He described tokenising private equities as a “huge unlock” for individuals and companies, potentially solving issues in secondary market transactions.

“I think that will unlock a ton of economic value for the crypto industry in the US,” Tenev added.

He also mentioned that tokenisation could allow investors to purchase shares in private firms like OpenAI and SpaceX within minutes.

Shares of Robinhood (HOOD) closed up 2.77% at $67.98 on June 2, with additional gains in after-hours trading.