Robinhood completes $200M acquisition of crypto exchange Bitstamp

2025-06-03 13:31:05 Primitive Reading

Robinhood Markets, Inc. has closed a $200 million acquisition of Luxembourg-based crypto exchange Bitstamp, adding over 50 licenses and registrations and an established institutional client base to its crypto arm.

The $200 million consideration was unchanged from an initial agreement in June 2024 and was paid entirely in cash, Robinhood said on June 2.

Bitstamp serves over 5,000 institutional clients and 50,000 retail customers, with most of its trading volume driven by its institutional base.

Robinhood said in a separate June 2 statement that the acquisition significantly expands its crypto footprint beyond the US into the European, UK and Asian markets.

Bitstamp reported $95 million in revenue for the last 12 months ending April 30, while Robinhood’s crypto business made $252 million in the first quarter of 2025.

Robinhood said it has started integrating Bitstamp’s crypto platform and that Bitstamp is already connected to Robinhood Legend and its Smart Exchange Routing offering.

Robinhood expects to record approximately $65 million of Bitstamp-related costs over the remaining seven months of 2025.

Robinhood has also agreed to acquire Canadian crypto platform WonderFi for approximately $179 million on May 13 as part of a move to strengthen its presence in the Canadian market.

Robinhood Crypto general manager Johann Kerbrat told CNBC on June 2 that the firm hasn’t ruled out the possibility of other crypto acquisitions.

“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.”

Shares in Robinhood (HOOD) closed June 2 trading up 2.77% to $67.98, with gains extending by 0.44% in after-hours, according to Google Finance.

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