Robinhood announces an official acquisition of Bitstamp

Robinhood recently announced an official acquisition of Bitstamp. The development will allow Robinhood to bring Bitstamp’s acclaimed exchange to its user base. 

With the acquisition, Robinhood has expanded its reach outside the US. The platform will leverage Bitstamp’s ventures to deliver a reliable experience to foreign users.

Robinhood’s latest post indicates that the deal will conclude in the first half of 2025. However, the timeline is subject to regulatory approvals and customary closing conditions.

Founded in 2021, Bitstamp has gained global trust as a well-known crypto exchange. The platform boasts offices in the UK, the US, Singapore, Slovenia, and Luxembourg. 

By acquiring a worldwide crypto exchange, Robinhood will amplify its crypto expansion globally. Robinhood already boasts 50 registrations and licenses globally. It will bring Bitstamp’s offerings to its users in Asia, the US, the UK, and the EU.

The acquisition marks the first time Robinhood has introduced its institutional business. Institutional clients trust Bitstamp’s endeavors for their deep order books, API connectivity, and trade execution.

Furthermore, the exchange provides institutional tools such as Bitstamp as a Service, institutional staking, and lending. The offerings will allow Robinhood to enter the market with established and active relationships, market-leading products, and expansive infrastructure.

Above all, Robinhood will be able to use Bitstamp’s core exchange, which has 85 tradable assets and lending and staking products. Johann Kerbrat, Robinhood’s General Manager, also praised the acquisition.

According to Kerbrat, the latest development with Bitstamp is a huge step in boosting Robinhood’s crypto ventures. Bitstamp is a long-standing exchange trusted by different regions.

The Bitstamp team has combined its customer experience with global safety, making it one of the most well-reputed platforms among institutional and retail crypto traders. With the strategic acquisition, Robinhood is positioning itself to expand its reach outside of the United States. Kerbrat added that the platform can now provide institutional clients with appropriate tools at the same time.