Robinhood Acquires Bitstamp for $200 Million

[ad_1] US-based brokerage agency Robinhood has formally acquired Luxembourg-headquartered crypto alternate Bitstamp. In an announcement posted on June 2, Robinhood stated that it paid $200 million (roughly Rs. 1,709 crore) in money to finish this acquisition. With this, Robinhood has now added over 50 licences held by Bitstamp to its personal community. Johann Kerbrat, the overall supervisor of Robinhood Crypto had first spoken in regards to the plan to accumulate Bitstamp final yr throughout an interview with the Wall Road Journal.

Bitstamp was based in 2011 and is touted because the longest working crypto alternate on the planet. Its places of work are positioned in Singapore, Slovenia, the UK, in addition to the US. Robinhood plans to make use of Bitstamp's assets to convey service choices to institutional traders, Vlad Tenev, the CEO and co-founder of Robinhood, indicated on X.

"Bitstamp is now a part of Robinhood, including a globally-scaled crypto alternate and our first-ever institutional crypto enterprise. Our work is simply starting," Tenev posted.

Bitstamp is now a part of Robinhood, including a globally-scaled crypto alternate and our first-ever institutional crypto enterprise.

Our work is simply starting. https://t.co/VDjGS1KuBb

— Vlad Tenev (@vladtenev) June 2, 2025 Following the announcement, Bitstamp modified its title to "Bitstamp by Robinhood" on numerous on-line platforms together with X.

In an official weblog submit, Bitstamp stated that it "has been trusted for 14 years by establishments for its dependable commerce execution, deep order books and industry-leading API connectivity and choices like crypto-as-a-service, institutional lending, and staking. Robinhood is getting into the house with an energetic and extremely trusted enterprise with established relationships."

Bitstamp is now a part of @RobinhoodApp

Collectively, we're combining 14 years of trusted crypto experience with Robinhood's international imaginative and prescient - increasing entry and constructing the way forward for crypto, collectively.

Extra right here :point_down:https://t.co/Po2NxE971C

— Bitstamp by Robinhood (@Bitstamp) June 2, 2025 Key Highlights on the Acquisition

Robinhood printed some essential particulars about Bitstamp and its acquisition for its investor group on June 2.

The American agency disclosed that Bitstamp was catering to over 500,000 retail and round 5 thousand funded institutional prospects as of April 30, 2025. Bitstamp's yearly income up until April 30 was clocked at $95 million (roughly Rs. 811 crore).

"In 2025, for the remaining seven months of the yr submit shut, Robinhood expects to report roughly $65 million (roughly Rs. 555 crore) of Bitstamp-related prices. These prices are practically all Adjusted Working Bills and are primarily pushed by enterprise operations, together with some anticipated integration and deal-related prices," Robinhood's announcement submit added.

Robinhood will now combine Bitstamp's infrastructure into its personal companies and choices.

"Bringing Bitstamp's platform and experience into Robinhood's ecosystem will give customers an enhanced buying and selling expertise with a unbroken dedication to compliance, safety, and customer-centricity," JB Graftieaux, CEO of Bitstamp stated as commenting on the event.

Robinhood's crypto buying and selling service had confronted authorized challenges with the US SEC final yr on allegations of getting violated the US Securities legal guidelines. Nonetheless, following Donald Trump's return to the White Home because the forty seventh US President, the SEC closed its investigation into Robinhood and didn't take any motion.