Robinhood Acquires Bitstamp for $200 Million to Expand Globally

Robinhood, known for its zero-fee trading, has announced plans to acquire Bitstamp, a well-established cryptocurrency exchange, for $200 million.

This move aims to bolster Robinhood’s expansion beyond the US by utilizing Bitstamp’s extensive collection of licenses and registrations worldwide.

The acquisition, still pending regulatory approval, is expected to finalize early next year.

Founded in 2011, Bitstamp is one of the oldest and most respected cryptocurrency exchanges, noted for its strict regulatory compliance and rigorous listing standards.

With this acquisition, Robinhood aims to attract institutional clients, leveraging Bitstamp’s robust institution-grade services to accelerate its growth. Johann Kerbrat, general manager of Robinhood Crypto, praised Bitstamp’s stellar reputation among both retail investors and sophisticated institutions.

This strategic acquisition reflects Robinhood’s commitment to enhancing its global footprint and broadening its service offerings.

Author

Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.