Robinhood Acquires Bitstamp in $200 Million Move to Expand Crypto Business

The acquisition aims to enhance Robinhood's global presence and introduce institutional services.

Robinhood will pay $200 million in cash for Bitstamp, with the deal expected to close in the first half of 2025.
The acquisition will allow Robinhood to offer a wider range of cryptocurrencies and services, including staking and lending.
Bitstamp's 50+ active licenses will facilitate Robinhood's international expansion, particularly in Europe and Asia.
This marks Robinhood's first foray into institutional business, leveraging Bitstamp's established relationships.
The deal comes amid regulatory scrutiny from the SEC regarding Robinhood's crypto operations.