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.

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.

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Bitstamp’s Extensive Regulatory Compliance Strengthens Robinhood’s Position

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.