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Following in the footsteps of big companies and leaders

June 6, 2024 – In a landmark move set to reverberate across the cryptocurrency landscape, Robinhood Markets, Inc. has announced its agreement to acquire Bitstamp Ltd., one of the world's longest-running and most trusted cryptocurrency exchanges. This acquisition marks a significant strategic expansion for #Robinhood enhancing its crypto offerings and positioning it for a more robust global presence.
Robinhood’s acquisition of Bitstamp is poised to accelerate the company's international expansion. Bitstamp, founded in 2011, has a well-established presence with offices in Luxembourg, the UK, Slovenia, Singapore, and the US. With over 50 active licenses and registrations globally, Bitstamp brings a broad customer base spanning the EU, UK, US, and Asia. This strategic move will allow Robinhood to extend its services beyond the US market, tapping into new demographics and increasing its global footprint.

The acquisition, valued at approximately $200 million in cash, is expected to close in the first half of 2025, pending regulatory approvals and customary closing conditions. This significant investment reflects Robinhood’s strategic vision of integrating a reputable and globally-scaled crypto exchange into its ecosystem, reinforcing its position in the competitive crypto market.
The combined expertise of Robinhood and Bitstamp’s teams promises to foster innovation and knowledge sharing across continents. Johann Kerbrat, General Manager of Robinhood Crypto, highlighted the importance of this strategic combination in expanding Robinhood’s footprint outside the US and welcoming institutional customers. Bitstamp CEO JB Graftieaux echoed this sentiment, emphasizing the enhanced trading experience and continued commitment to compliance, security, and customer-centricity that this acquisition will bring.
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