Robinhood has acquired the worlds longest-running crypto exchange, Bitstamp, for $200 million, expanding its institutional crypto offerings to Europe, the UK and Asia.
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.
Source: Bitstamp
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 Robinhoods crypto business made $252 million in the first quarter of 2025.
Robinhood said it has started integrating Bitstamps crypto platform and that Bitstamp is already connected to Robinhood Legend and its Smart Exchange Routing offering.
Source: Vladimir Tenev
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 hasnt 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.
Tokenization is Robinhoods next crypto focus
A key focus for Robinhood CEO Vladimir Tenev is to expand the firms crypto offerings into the real-world asset tokenization market.
Tokenizing private equities is a “huge unlock” for both individuals and companies that can solve a lot of problems in secondary market transactions, Tenev said in Robinhoods first quarter earnings call.
“I think that will unlock a ton of economic value for the crypto industry in the US,” said Tenev, who previously pointed out that crypto tokenization could let investors buy tokenized shares in big-name private firms like OpenAI and SpaceX within minutes.
