The popular trading app Robinhood has officially acquired the Europe-based cryptocurrency exchange Bitstamp with a deal worth 200 million dollars.
Robinhood Acquires Crypto Exchange Bitstamp for 200 Million Dollars
This strategic move announced in June 2024 is seen as an important part of Robinhood's expansion plans in markets outside the US.
The company achieved its goal of completing the agreement in the first half of 2025. The buy out was subject to customary closing conditions, including legal regulatory approvals.
Robinhood's Major Move in Crypto Investment
Founded in 2011 as an alternative to the collapse of Mt. Gox, Bitstamp is the world's oldest active cryptocurrency exchange. Today, the platform supports over 85 digital assets for trading and has more than 50 global licenses and registrations.
Through this buy out, Robinhood will be able to target not only individual investors in Europe and the US but also, for the first time, institutional crypto clients.
Vlad Tenev, the co-founder and CEO of Robinhood, stated in a post on the social media platform X, "Bitstamp is now a part of Robinhood. This adds a globally operating cryptocurrency exchange and our first institutional crypto business to our portfolio. Our real business starts now."
In a statement, Robinhood emphasized that Bitstamp has gained trust in the industry due to its 14-year reliable history, strong liquidity, solid API infrastructure, and features such as staking services with institutional credit.
It was stated that Bitstamp's spot exchange structure would significantly contribute to Robinhood's global crypto strategy.
Robinhood Crypto General Manager Johann Kerbrat stated, "Acquiring Bitstamp is a significant step in growing our crypto business," and continued: "Combining our large individual user base with Bitstamp's global institutional infrastructure will create a seamless and deep liquidity trading experience 24/7."
After the purchase, the Bitstamp team will collaborate with Robinhood, focusing on cooperation and information sharing. For now, the brand will continue to operate under the name "Bitstamp by Robinhood".
*It is not investment advice.
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Popular Trading App Robinhood Acquires This Cryptocurrency Exchange! Here are the Details
The popular trading app Robinhood has officially acquired the Europe-based cryptocurrency exchange Bitstamp with a deal worth 200 million dollars.
Robinhood Acquires Crypto Exchange Bitstamp for 200 Million Dollars
This strategic move announced in June 2024 is seen as an important part of Robinhood's expansion plans in markets outside the US.
The company achieved its goal of completing the agreement in the first half of 2025. The buy out was subject to customary closing conditions, including legal regulatory approvals.
Robinhood's Major Move in Crypto Investment
Founded in 2011 as an alternative to the collapse of Mt. Gox, Bitstamp is the world's oldest active cryptocurrency exchange. Today, the platform supports over 85 digital assets for trading and has more than 50 global licenses and registrations.
Through this buy out, Robinhood will be able to target not only individual investors in Europe and the US but also, for the first time, institutional crypto clients.
Vlad Tenev, the co-founder and CEO of Robinhood, stated in a post on the social media platform X, "Bitstamp is now a part of Robinhood. This adds a globally operating cryptocurrency exchange and our first institutional crypto business to our portfolio. Our real business starts now."
In a statement, Robinhood emphasized that Bitstamp has gained trust in the industry due to its 14-year reliable history, strong liquidity, solid API infrastructure, and features such as staking services with institutional credit.
It was stated that Bitstamp's spot exchange structure would significantly contribute to Robinhood's global crypto strategy.
Robinhood Crypto General Manager Johann Kerbrat stated, "Acquiring Bitstamp is a significant step in growing our crypto business," and continued: "Combining our large individual user base with Bitstamp's global institutional infrastructure will create a seamless and deep liquidity trading experience 24/7."
After the purchase, the Bitstamp team will collaborate with Robinhood, focusing on cooperation and information sharing. For now, the brand will continue to operate under the name "Bitstamp by Robinhood".
*It is not investment advice.
Follow our Telegram group, Twitter account, and Youtube channel for exclusive news, analyses, and on-chain data! Also, start tracking live prices by downloading our Android and IOS applications now!