US financial services giant Robinhood has completed the acquisition of global cryptocurrency exchange Bitstamp for $200 million.
This transaction was first announced in June 2024 and was completed on June 2, 2025, nearly a year later. This is an important step in Robinhood's expansion.
Bitstamp Participates in $200 Million Acquisition with Robinhood
The announcement was made through Bitstamp's official blog. This acquisition allows Robinhood to leverage Bitstamp's established infrastructure. Founded in 2011, Bitstamp operates globally with offices in Luxembourg, the UK, Slovenia, Singapore, and the United States.
This deal significantly promotes Robinhood Crypto's global expansion and provides access to Bitstamp's diverse customer base. Bitstamp holds over 50 active licenses and registrations, establishing itself as a key player in the cryptocurrency industry.
Additionally, as of April 30, 2025, Bitstamp generated approximately $95 million in total net revenue over the past 12 months.
"Robinhood expects Bitstamp to be adjusted EBITDA neutral immediately after closing and anticipates contributing to adjusted EBITDA within 12 months of closing. In 2025, Robinhood expects to record approximately $65 million in Bitstamp-related costs for the remaining 7 months after the transaction's completion." – Robinhood disclosure.
Johann Kerbrat, Chief Manager of Robinhood Crypto, described this acquisition as a crucial step in the company's growth strategy in the cryptocurrency market.
"Bitstamp's trusted global exchange has demonstrated resilience through market cycles. By seamlessly combining customer experience and safety geographically, the Bitstamp team has built the most robust reputation among retail and institutional crypto investors." – Kerbrat
This move integrates Bitstamp's spot trading, Staking, and custody services into the Robinhood platform, serving both retail and institutional investors.
"By integrating Bitstamp's platform and expertise into Robinhood's ecosystem, we will provide users with continuous compliance, security, and a customer-centric trading experience." – Bitstamp CEO JB Grafftio
In addition to Bitstamp, Robinhood is in the process of acquiring the Canadian cryptocurrency platform Wonderfi for $178 million. This transaction is expected to be completed in the second half of 2025.
Robinhood is not the only one with expansion plans. Coinbase, Ripple, and Kraken have also announced significant acquisitions this year. This highlights the broader trend of increasing integration and strategic growth within the cryptocurrency industry.
Bitwize CEO Hunter Horsley predicts more deals in 2025.
"2025 will be the year of cryptocurrency integration. I expect 10-20 notable M&A transactions this year alone." – Horsley, mentioned to BeInCrypto
Bitwize's legal counsel, Catherine Dowling, also noted that M&A activity generally increases market stability, as companies are pressured to strengthen themselves or merge with others.
"Historically, M&A ultimately increased market stability in other industries due to the creation of 'winners' and 'losers'. Some companies will expand in scale, others will combine, and some will disappear completely." – Dowling told BeInCrypto.
However, integration also raises centralization concerns. Nevertheless, Dowling suggested that centralized and decentralized players will continue to coexist.
Certain areas of the cryptocurrency market may benefit from centralized growth control, while other sectors will continue to thrive and grow within decentralized structures. This represents a balanced perspective where both models can flourish in different areas of the industry based on specific market segment needs and objectives.
