Robinhood Announces Completion of Bitstamp Acquisition
Electronic trading and futures markets platform Robinhood has officially completed the purchase of cryptocurrency exchange Bistamp for a cash price tag of $200 million. The deal is in line with an agreement between the parties from June 2024.
The purchase marks another step in Robinhood’s move towards becoming a full-fledged financial services provider, giving it access to over 50 active licenses and global registrations, and putting the platform in direct competition with crypto powerhouses like Binance and Coinbase.
The move will help the company expand into markets outside of the U.S., including the UK, European Union countries, and several Asian territories.
Bitstamp brings over 5,000 institutional clients and 50,000 individual retail traders to the Robinhood platform. Publicly available information suggests that most of the trading volume on Bitstamp comes from institutional participants, making it a lucrative proposition for Robinhood, as the company will provide them with access to its professional trading infrastructure and clients.
Bitstamp earned $95 million in revenue over the 12 months ending April 30, 2025, while Robinhood's crypto unit made $252 million in the first quarter of 2025, suggesting synergies for the deal with room to grow in the crypto space.
On June 2, shares of Robinhood ended regular trading at $67.98, up 2.77%, with Google Finance reporting that the stock went up another 0.44% after the market closed.
Robinhood’s stock grew 69% this year, amidst the company’s declaration that it will chase ‘profitable growth.’ Analysts are optimistic about the stock and earnings growing further amid the widespread adoption of cryptocurrency and the surging popularity of retail trading.
Significant transition underway
According to Robinhood, it has already started integrating Bitstamp's platform into its own systems.
Bitstamp is currently connected to Robinhood Legend and part of the Smart Exchange Routing system, designed to facilitate faster trades and increase trading liquidity. Robinhood expects to spend about $65 million on costs related to this integration over the next seven months.
North America is growing
While the deal will propel Robinhood into new jurisdictions, the company is also looking to expand its presence in North America, having already offered prediction markets during the 2024 presidential election. Those types of moves could put it in competition with our best sports betting sites.
On May 13, it also signed a deal to purchase Canadian crypto company WonderFi for around $179 million, aimed at solidifying Robinhood's presence and digital asset offerings in Canada.
Johann Kerbrat, general manager of Robinhood Crypto, told CNBC on June 2 that the company might acquire more companies if it can significantly accelerate growth or technology development. He said that a possible time savings of up to two years was a key factor in deciding whether or not to take advantage of future opportunities.
Robinhood's CEO, Vladimir Tenev, has said that the company's next goal is to focus on tokenizing real-world assets. He said that tokenizing private equity was a significant step forward in making secondary trading easier and providing more investors with access to markets that are typically difficult to trade in.
