Robinhood Markets, Inc. successfully sealed a $200 million purchase of the Luxembourg-based cryptocurrency exchange, Bitstamp, according to its announcement on June 2. This strategic acquisition has increased Robinhood’s crypto capabilities by adding over 50 licenses and registrations and a well-established institutional client base.
The $200 million deal, which followed the terms agreed upon in June 2024, was fully paid in cash. Bitstamp boasts of a strong customer base consisting of over 5,000 institutional clients and 50,000 retail customers, with the bulk of its trading volume generated by its institutional clientele.
Robinhood, in an independent statement, highlighted that the Bitstamp acquisition has drastically expanded its crypto operations beyond the U.S. borders, reaching the European, UK, and Asian markets. Bitstamp recorded a revenue of $95 million in the year ending April 30, while Robinhood’s crypto department raked in $252 million in the first quarter of 2025 alone.
Having begun the integration of Bitstamp’s crypto platform, Robinhood has already connected it with Robinhood Legend and its Smart Exchange Routing service. The company anticipates incurring around $65 million in Bitstamp-related expenses over the rest of 2025.
Besides Bitstamp, Robinhood is set to acquire the Canadian cryptocurrency platform, WonderFi, for roughly $179 million. This decision is part of the company’s strategy to fortify its Canadian market presence. On the possibility of more crypto acquisitions, Robinhood Crypto’s general manager, Johann Kerbrat, stated that the firm is open to options that can fast-track their growth by at least 18 months to two years.
Robinhood’s CEO, Vladimir Tenev, is now focusing on broadening the company’s crypto offerings into the tokenization of real-world assets. According to Tenev, tokenizing private equities can be a game-changer for both individuals and companies, solving many issues related to secondary market transactions. He believes that this will unlock immense economic value for the crypto industry in the U.S.
