Robinhood has finalised its acquisition of Bitstamp, marking a significant step in the US trading platform’s expansion into global cryptocurrency markets and institutional services.
Robinhood Completes Bitstamp Acquisition
The deal brings Bitstamp’s long-established crypto exchange into Robinhood’s portfolio, adding retail and institutional customers across the European Union, the United Kingdom, the United States, and Asia.
Founded in 2011, Bitstamp holds more than 50 active licences and registrations globally and operates offices in Luxembourg, the U.K., Slovenia, Singapore and the U.S.
The acquisition gives Robinhood a solid foothold in the institutional crypto space for the first time.
Robinhood says Bitstamp is known for its deep liquidity, reliable execution and robust API infrastructure, as well as services including crypto-as-a-service, institutional lending and staking.
Johann Kerbrat, General Manager of Robinhood Crypto, said: “The acquisition of Bitstamp is a major step in growing our crypto business. Bitstamp’s highly trusted and long-standing global exchange has shown resilience through market cycles.”
Bitstamp CEO JB Graftieaux added: “Bringing Bitstamp’s platform and expertise into Robinhood’s ecosystem will give users an enhanced trading experience with a continuing commitment to compliance, security, and customer-centricity.”
Robinhood said customers of both platforms will continue to receive the same levels of service and security, while the combination is expected to accelerate innovation and international expansion.
