Robinhood Acquires Bitstamp
Robinhood Markets, Inc. has finalized its purchase of Bitstamp, a crypto exchange headquartered in Luxembourg, for $200 million. This strategic move, initially agreed upon in June 2024, enhances Robinhood’s portfolio with over 50 licenses and a strong base of institutional clients, as confirmed in a statement released on June 2.
Bitstamp’s Market Position
Bitstamp has established itself as a significant player in the sector, serving more than 5,000 institutional clients alongside 50,000 retail users. Its trading volume is predominantly driven by its institutional clientele. In the year leading up to April 30, the exchange reported revenues of $95 million. Meanwhile, Robinhood’s crypto division generated $252 million in the first quarter of 2025.
Expansion Plans
The incorporation of Bitstamp is anticipated to broaden Robinhood’s crypto operations, extending beyond the US market into Europe, the UK, and Asia. Following the acquisition, Robinhood is integrating Bitstamp’s platform with its own trading infrastructure, including Robinhood Legend and the Smart Exchange Routing feature. However, Robinhood expects to incur roughly $65 million in related costs over the next seven months of 2025.
Future Acquisitions and Market Impact
In addition to Bitstamp, Robinhood plans to acquire Canadian cryptocurrency platform WonderFi for approximately $179 million as part of its strategy to enhance its Canadian market presence. In an interview with CNBC on June 2, Johann Kerbrat, general manager of Robinhood Crypto, indicated that the company is open to pursuing additional acquisitions in the crypto space if it presents an opportunity for significant growth, potentially accelerating their timeline by 18 months to two years.
Stock Performance and Future Focus
Following this news, Robinhood’s stock (HOOD) experienced a 2.77% increase to close at $67.98, with further gains of 0.44% during after-hours trading, according to Google Finance.
Looking forward, CEO Vladimir Tenev emphasized that tokenization of real-world assets will be a major focus for Robinhood. He described the tokenization of private equities as a potential game-changer, allowing for seamless secondary market transactions. This advancement could unlock considerable economic value for the cryptocurrency industry in the United States, enabling investors to acquire tokenized shares from prominent private companies like OpenAI and SpaceX within minutes.
