Robinhood Markets, Inc. has closed a $200 million acquisition of Luxembourg-based crypto trade Bitstamp, including over 50 licenses and registrations and a longtime institutional shopper base to its crypto arm.
The $200 million consideration was unchanged from an preliminary settlement in June 2024 and was paid solely in money, Robinhood mentioned on June 2.
Bitstamp serves over 5,000 institutional shoppers and 50,000 retail prospects, with most of its buying and selling quantity pushed by its institutional base.
Robinhood mentioned in a separate June 2 assertion that the acquisition considerably expands its crypto footprint past the US into the European, UK and Asian markets.
Bitstamp reported $95 million in income for the final 12 months ending April 30, whereas Robinhood’s crypto enterprise made $252 million within the first quarter of 2025.
Robinhood mentioned it has began integrating Bitstamp’s crypto platform and that Bitstamp is already related to Robinhood Legend and its Sensible Trade Routing providing.
Robinhood expects to report roughly $65 million of Bitstamp-related prices over the remaining seven months of 2025.
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Robinhood has additionally agreed to amass Canadian crypto platform WonderFi for about $179 million on Might 13 as a part of a transfer to strengthen its presence within the Canadian market.
Robinhood Crypto common supervisor Johann Kerbrat advised CNBC on June 2 that the agency hasn’t dominated out the opportunity of different crypto acquisitions.
“If we will discover a method to speed up by at the very least 18 months or two years — and we’ve a variety of nice motive to imagine this can be a nice acquisition — it’s one thing that we’ll positively take a look at.”
Shares in Robinhood (HOOD) closed June 2 buying and selling up 2.77% to $67.98, with features extending by 0.44% in after-hours, based on Google Finance.
Tokenization is Robinhood’s subsequent crypto focus
A key focus for Robinhood CEO Vladimir Tenev is to develop the agency’s crypto choices into the real-world asset tokenization market.
Tokenizing non-public equities is a “big unlock” for each people and firms that may remedy a variety of issues in secondary market transactions, Tenev mentioned in Robinhood’s first quarter earnings name.
“I believe that may unlock a ton of financial worth for the crypto trade within the US,” mentioned Tenev, who beforehand identified that crypto tokenization might let buyers purchase tokenized shares in big-name non-public companies like OpenAI and SpaceX inside minutes.
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