Robinhood Markets, Inc. has closed a $200 million acquisition of Luxembourg-based crypto alternate Bitstamp, including over 50 licenses and registrations and a longtime institutional consumer base to its crypto arm.
The $200 million consideration was unchanged from an preliminary settlement in June 2024 and was paid fully in money, Robinhood said on June 2.
Bitstamp serves over 5,000 institutional purchasers and 50,000 retail prospects, with most of its buying and selling quantity pushed by its institutional base.
Robinhood said in a separate June 2 assertion that the acquisition considerably expands its crypto footprint past the US into the European, UK and Asian markets.
Bitstamp reported $95 million in income for the final 12 months ending April 30, whereas Robinhood’s crypto enterprise made $252 million in the first quarter of 2025.
Robinhood mentioned it has began integrating Bitstamp’s crypto platform and that Bitstamp is already linked to Robinhood Legend and its Sensible Alternate Routing providing.
Robinhood expects to file roughly $65 million of Bitstamp-related prices over the remaining seven months of 2025.
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Robinhood has additionally agreed to accumulate Canadian crypto platform WonderFi for about $179 million on Could 13 as a part of a transfer to strengthen its presence within the Canadian market.
Robinhood Crypto normal supervisor Johann Kerbrat told CNBC on June 2 that the agency hasn’t dominated out the opportunity of different crypto acquisitions.
“If we will discover a method to speed up by at the least 18 months or two years — and now we have quite a lot of nice motive to consider it is a nice acquisition — it’s one thing that we’ll undoubtedly have a look at.”
Shares in Robinhood (HOOD) closed June 2 buying and selling up 2.77% to $67.98, with positive aspects extending by 0.44% in after-hours, according to Google Finance.
Tokenization is Robinhood’s subsequent crypto focus
A key focus for Robinhood CEO Vladimir Tenev is to broaden the agency’s crypto choices into the real-world asset tokenization market.
Tokenizing personal equities is a “large unlock” for each people and corporations that may remedy quite a lot of issues in secondary market transactions, Tenev mentioned in Robinhood’s first quarter earnings name.
“I feel that may unlock a ton of financial worth for the crypto business within the US,” mentioned Tenev, who beforehand identified that crypto tokenization may let traders buy tokenized shares in big-name personal corporations like OpenAI and SpaceX inside minutes.
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