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 consumer base to its crypto arm.
The $200 million consideration was unchanged from an preliminary settlement in June 2024 and was paid totally in money, Robinhood stated on June 2.
Bitstamp serves over 5,000 institutional purchasers and 50,000 retail prospects, with most of its buying and selling quantity pushed by its institutional base.
Robinhood stated 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 stated 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 accumulate Canadian crypto platform WonderFi for roughly $179 million on Might 13 as a part of a transfer to strengthen its presence within the Canadian market.
Robinhood Crypto basic supervisor Johann Kerbrat advised CNBC on June 2 that the agency hasn’t dominated out the potential of different crypto acquisitions.
“If we will discover a method to speed up by at the very least 18 months or two years — and now we have quite a lot of nice cause to imagine it is a nice acquisition — it’s one thing that we’ll undoubtedly have a look at.”
Shares in Robinhood (HOOD) closed June 2 buying and selling up 2.77% to $67.98, with good points extending by 0.44% in after-hours, in keeping with Google Finance.
Tokenization is Robinhood’s subsequent crypto focus
A key focus for Robinhood CEO Vladimir Tenev is to increase the agency’s crypto choices into the real-world asset tokenization market.
Tokenizing non-public equities is a “big unlock” for each people and corporations that may clear up quite a lot of issues in secondary market transactions, Tenev stated in Robinhood’s first quarter earnings name.
“I believe that may unlock a ton of financial worth for the crypto trade within the US,” stated Tenev, who beforehand identified that crypto tokenization might let traders purchase tokenized shares in big-name non-public corporations like OpenAI and SpaceX inside minutes.
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