Robinhood Markets, Inc. has completed the $200 million acquisition of Luxembourg-based cryptocurrency exchange Bitstamp. The acquisition adds more than 50 licenses and registrations to its cryptocurrency division and brings a mature institutional client base.
Robinhood said on June 2 that the consideration for the transaction remains at $200 million, consistent with the preliminary agreement in June 2024, and all paid in cash. Bitstamp serves more than 5,000 institutional clients and 50,000 retail investors, with the majority of its trading volume coming from institutional clients.
Robinhood completes acquisition of cryptocurrency exchange Bitstamp for $200 million
2025-06-02 23:44:41
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