American online brokerage Robinhood announced on Thursday (6th) that it has reached an agreement to acquire cryptocurrency exchange Bitstamp. The transaction is expected to be completed in the first half of 2025 and is subject to customary closing conditions including regulatory approval.

Robinhood said in a press release that the acquisition of a global exchange will significantly accelerate the global expansion of its cryptocurrency unit Robinhood Crypto. Bitstamp has more than 50 active licenses and registrations around the world and will bring customers to Robinhood in Europe, the UK, the US and Asia.

Founded in 2011, Bitstamp was once a major platform for Bitcoin trading, with offices in Luxembourg, the United Kingdom, Slovenia, Singapore and the United States. According to a press release, Bitstamp’s core spot exchange has more than 85 tradable assets, and its products like staking and lending will enhance Robinhood’s cryptocurrency services.

"Through this strategic combination, we are better able to expand our reach beyond the United States and welcome institutional clients to Robinhood," said Johann Kerbrat, general manager of Robinhood Crypto.

Robinhood expects the final transaction consideration to be approximately $200 million in cash, subject to customary purchase price adjustments.

Bitstamp CEO JB Graftieaux said:

“As the longest-running cryptocurrency exchange in the world, Bitstamp is known as one of the most trustworthy and transparent cryptocurrency platforms in the world. Bringing Bitstamp’s platform and expertise into Robinhood’s ecosystem will provide users with Enhanced trading experience and continued commitment to compliance, security and customer focus.”

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