Robinhood Markets, Inc. Bitstamp Crypto Exchange based in Luxembourg, adding over 50 licenses and registration and a fixed base of institutional clients to your cryptographic shoulder, closed the acquisition of $ 200 million.
Consideration worth $ 200 million remained unchanged from the initial contract in June 2024 and was completely paid in cash, Robinhood he said June 2.
BitStamp serves over 5,000 institutional clients and 50,000 retail clients, with most of its commercial volume caused by an institutional base.
Robinhood he said In a separate statement of June 2 that the takeover significantly expands its cryptographic trace outside the US to European markets, Great Britain and Asian.
Bitstamp recorded revenues of $ 95 million in the last 12 months ending on April 30, while the cryptographic business of Robinhood earned $ 252 million in the first quarter of 2025.
Robinhood said that it began the integration of the BitStamp cryptocurrency platform and that Bitstamp is already connected to the Robinhood legend and its Clever Exchange offer.
Robinhood expects to register about $ 65 million in costs associated with Bitstamp in the remaining seven months of 2025.
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Robinhood also agreed to take over the Canadian Cryptographic Platform Wonderfi for around $ 179 million on May 13 as part of the movement to strengthen its presence on the Canadian market.
Robinhood Crypto General Director Johann Kerbrat he said CNBC on June 2 that the company did not rule out the possibility of other cryptographic acquisitions.
“If we find a way to accelerate at least 18 months or two years – and we have a lot of reason to think that this is a great takeover – this is something we will definitely look at.”
Actions in Robinhood (Hood) were closed on June 2, in which 2.77% to USD 67.98 trad, with profits stretching by 0.44% per hour, According to to Google Finance.
Tokenization is another establishment of Robinhood cryptocurrencies
The key goal of the General Director Robinhood Vladimir Tenev is to extend the company’s cryptocurrency offer to the tokenization market of assets in the real world.
Toytenizing Private Equits is “huge unlock” for both natural persons and companies that can solve many problems in secondary market transactions, said Tenev in combination with earnings in the first quarter of Robinhood.
“I think it will unlock a lot of economic value for the cryptocurrency industry in the US,” said Tenev, who previously noted that cryptocurrency tokenization can allow investors to buy toxicized shares in well -known private companies, such as OpenAI and Spacex in a few minutes.
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