BTC

$64633.175

-1.36%

ETH

$3516.129

-1.81%

BNB

$586.524

-2.94%

XRP

$0.49

-1.27%

News

Robinhood To Acquire Crypto Exchange Bitstamp!

June 6, 2024 - Around 2 mins mins to read

Key Points:

  • Robinhood will buy Bitstamp, Europe’s top crypto exchange, for $200 million in cash, completing by mid-2025.
  • Bitstamp, holding over 50 licenses worldwide, boosts Robinhood’s global crypto reach.
  • Barclays Capital and Galaxy Digital Partners played key advisory roles in this landmark deal.
Robinhood has announced its agreement to acquire Bitstamp, one of Europe’s leading cryptocurrency exchanges, for approximately $200 million in cash. The acquisition is expected to be finalized in the first half of 2025.
Robinhood To Acquire Crypto Exchange Bitstamp!

This strategic acquisition marks Robinhood‘s ambitious expansion into the global cryptocurrency market. Bitstamp, established in 2011, has grown to become one of the most trusted cryptocurrency exchanges in the world. It currently holds over 50 active licenses and registrations worldwide, reflecting its robust regulatory compliance and operational excellence.

Barclays Capital Inc. served as the exclusive financial advisor to Robinhood, ensuring a smooth and strategic acquisition process. On the other side, Galaxy Digital Partners LLC provided exclusive financial advisory services to Bitstamp. Both firms played crucial roles in facilitating the deal, underscoring the acquisition’s significance in the broader financial landscape.

Read more: Bitcoin Spot ETF vs Futures ETF: Differences To Make The Right Investment Choice

Bitstamp’s Extensive Regulatory Compliance Strengthens Robinhood’s Position

Robinhood To Acquire Crypto Exchange Bitstamp!

Vlad Tenev expressed his excitement about the acquisition, stating, “This acquisition represents a pivotal moment for Robinhood as we continue to democratize finance for all. Bitstamp’s established presence and regulatory compliance across multiple jurisdictions will accelerate our expansion into the European market and beyond.”

Jean-Baptiste Graftieaux echoed this sentiment, noting, “Joining forces with Robinhood will enable Bitstamp to leverage its innovative platform and user base, driving further growth and innovation in the cryptocurrency space. Our shared vision of providing accessible and secure financial services aligns perfectly.”

The acquisition is set to bolster RB’s cryptocurrency offerings, providing its users with access to a broader range of digital assets and trading capabilities. As the cryptocurrency market continues to evolve, the integration of Bitstamp’s expertise and infrastructure is expected to enhance Robinhood’s competitive edge and global footprint.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Bitstamp

Crypto Exchange Bitstamp

Robinhood

Avatar of Annie

Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
News

Robinhood To Acquire Crypto Exchange Bitstamp!

Key Points:

  • Robinhood will buy Bitstamp, Europe’s top crypto exchange, for $200 million in cash, completing by mid-2025.
  • Bitstamp, holding over 50 licenses worldwide, boosts Robinhood’s global crypto reach.
  • Barclays Capital and Galaxy Digital Partners played key advisory roles in this landmark deal.
Robinhood has announced its agreement to acquire Bitstamp, one of Europe’s leading cryptocurrency exchanges, for approximately $200 million in cash. The acquisition is expected to be finalized in the first half of 2025.
Robinhood To Acquire Crypto Exchange Bitstamp!

This strategic acquisition marks Robinhood‘s ambitious expansion into the global cryptocurrency market. Bitstamp, established in 2011, has grown to become one of the most trusted cryptocurrency exchanges in the world. It currently holds over 50 active licenses and registrations worldwide, reflecting its robust regulatory compliance and operational excellence.

Barclays Capital Inc. served as the exclusive financial advisor to Robinhood, ensuring a smooth and strategic acquisition process. On the other side, Galaxy Digital Partners LLC provided exclusive financial advisory services to Bitstamp. Both firms played crucial roles in facilitating the deal, underscoring the acquisition’s significance in the broader financial landscape.

Read more: Bitcoin Spot ETF vs Futures ETF: Differences To Make The Right Investment Choice

Bitstamp’s Extensive Regulatory Compliance Strengthens Robinhood’s Position

Robinhood To Acquire Crypto Exchange Bitstamp!

Vlad Tenev expressed his excitement about the acquisition, stating, “This acquisition represents a pivotal moment for Robinhood as we continue to democratize finance for all. Bitstamp’s established presence and regulatory compliance across multiple jurisdictions will accelerate our expansion into the European market and beyond.”

Jean-Baptiste Graftieaux echoed this sentiment, noting, “Joining forces with Robinhood will enable Bitstamp to leverage its innovative platform and user base, driving further growth and innovation in the cryptocurrency space. Our shared vision of providing accessible and secure financial services aligns perfectly.”

The acquisition is set to bolster RB’s cryptocurrency offerings, providing its users with access to a broader range of digital assets and trading capabilities. As the cryptocurrency market continues to evolve, the integration of Bitstamp’s expertise and infrastructure is expected to enhance Robinhood’s competitive edge and global footprint.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Visited 66 times, 1 visit(s) today