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Robinhood has officially closed its $200 million acquisition of Bitstamp, the Luxembourg-based cryptocurrency exchange. The move adds more firepower to Robinhood’s expanding global crypto strategy and positions the company to compete more seriously with established players across institutional and retail markets.
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The deal was first announced in June 2024 and is now finalized. Robinhood paid the full $200 million in cash, taking full ownership of one of the world’s oldest crypto exchanges. Bitstamp brings a strong base of institutional users and solid regulatory credibility, which will help Robinhood strengthen its presence in markets outside the U.S.
Founded in 2011, Bitstamp built its name on compliance, deep liquidity, and a clean, stable product. The company now supports over 5,000 institutional users and more than 50,000 retail traders. Its services include crypto lending, staking, order book trading, and API-based access for professional clients.
Robinhood Crypto’s General Manager Johann Kerbrat explained the thinking behind the deal. “I wouldn’t call it necessarily a pivot. For us, it’s combining the strengths of the two businesses. We are one of the largest retail marketplaces in the U.S.”
Kerbrat also pointed out that Bitstamp offers products Robinhood currently lacks, like crypto-as-a-service, advanced API access, and institutional-grade tools. “Thanks to that, we will be able to get into this space not starting from scratch,” he said.
Robinhood has already linked Bitstamp to its internal trading system, Robinhood Legend, and activated Smart Exchange Routing to improve trade execution. The company expects to spend an additional $65 million through the rest of 2025 to complete integration work, including engineering, customer migration, and compliance upgrades.
Robinhood made its crypto debut in 2018 and rode the meme-coin wave to mass popularity in 2021. Since then, the company has shifted its image, focusing on professional services and deeper regulatory engagement. The payoff is starting to show—Robinhood earned $252 million in crypto revenue during Q1 2025 alone.
The stock has also responded well. Shares of Robinhood have climbed 69% over the past year, boosted by its sharper focus on growth and higher-margin services.
Bitstamp is not the only crypto deal Robinhood has in play. In May 2025, the company also agreed to acquire WonderFi, a Canadian digital asset platform, in a transaction valued at $179 million. That deal supports the firm’s broader move into the Canadian market.
CEO Vladimir Tenev is also thinking beyond exchanges. He has said tokenizing real-world assets will be a major part of Robinhood’s future. On the Q1 2025 earnings call, he described tokenized private equities as a tool to reshape how secondary markets work, making them more efficient and open to a broader range of investors.