acquisition

Robinhood Acquires Bitstamp to Expand Crypto Offerings and Global Reach

The Big Whale

— 1 min read
  • Robinhood to acquire Bitstamp for $200 million in cash.
  • Deal expected to close in first half of 2025. -
  • Bitstamp brings institutional and retail customers to Robinhood.
  • Acquisition aims to expand Robinhood's global reach in crypto.
  • Robinhood faces SEC scrutiny but sees crypto as growth driver.
  • Kraken considers pre-IPO funding to raise over $100 million.

Summary :

Robinhood has agreed to acquire Bitstamp, a leading Bitcoin and crypto exchange, for $200 million in cash. The deal is expected to close in the first half of 2025. Bitstamp, founded in 2011, is one of the oldest and most established crypto exchanges, operating globally with over 50 licenses. The acquisition will bring Bitstamp's institutional and retail customers under Robinhood's umbrella, allowing the platform to expand its crypto offerings and global reach. This move comes as Robinhood faces scrutiny from the SEC over its crypto division, but the company sees crypto as a key driver of growth. The acquisition of Bitstamp positions Robinhood to capture growing trading volumes as Bitcoin demand increases.

Sources :

- Bitcoinmagazine
- Coindesk
- CoinTelegraph
- TheBlock
- Bankless
- Coindesk
- Decrypt
- Blockworks
- Coindesk
- Bankless
- CoinTelegraph
- TheBlock
- Coindesk

Read more