Robinhood Markets, Inc. has officially completed its $200 million all-cash acquisition of Bitstamp, a cryptocurrency exchange based in Luxembourg. This strategic move bolsters Robinhood’s crypto division with more than 50 regulatory licenses and registrations, and introduces a seasoned institutional client base into its ecosystem.
Robinhood’s Acquisition of Bitstamp
Announced on June 2nd, Robinhood confirmed that the agreed $200 million purchase price , which was initially set in June 2024, remained unchanged and was paid entirely in cash.
At present, Bitstamp supports over 5,000 institutional clients and 50,000 retail users, with institutional trading accounting for the majority of its volume.
According to Robinhood, the acquisition marks a significant step in expanding its crypto operations beyond the US, particularly across Europe, the UK, and Asia. Over the past 12 months (ending April 30), Bitstamp generated $95 million in revenue. In comparison, Robinhood’s crypto division reported $252 million in revenue for Q1 2025 alone.
Integration efforts are already underway. Bitstamp is incorporating Robinhood’s Legend infrastructure and smart order routing technology into its platform. Meanwhile, Robinhood is working to unify Bitstamp’s offerings with its own crypto services.
In a separate move, Robinhood agreed on May 13th to acquire Canadian crypto firm WonderFi for roughly $179 million, aiming to enhance its footprint in Canada. Together, these acquisitions reflect Robinhood’s broader ambitions in the global crypto market.
The company anticipates around $65 million in expenses related to Bitstamp’s integration during the remainder of 2025.
Johann Kerbrat, general manager of Robinhood Crypto, told CNBC on June 2nd that additional crypto acquisitions are not off the table.
Following the announcement, Robinhood (HOOD) shares rose 2.77% to close at $67.98 on June 2nd, with a further 0.44% increase in after-hours trading, according to Google Finance.
Robinhood Moves to Tokenizing Real-World Assets
Robinhood CEO Vladimir Tenev highlighted real-world asset tokenization as the company’s next strategic crypto focus. He emphasized the potential to tokenize private equity shares (like those of OpenAI or SpaceX) to streamline secondary market transactions and broaden investor access.
“This could unlock enormous economic value for the crypto industry in the U.S.,” Tenev said during Robinhood’s Q1 earnings call, noting the potential for individuals and institutions alike.
Meanwhile, Bitstamp has also expanded its staking services in the UK, allowing users to stake Ethereum (ETH) directly and Cardano (ADA) through its Earn Staking program. Following a January 2025 UK Treasury decision excluding staking from CIS regulations, Bitstamp now distributes rewards weekly or monthly, with no lock-up periods, although individual staking networks may impose their own terms.
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