Luxembourg’s cryptocurrency exchange firm Bitstamp to be acquired by Robinhood for €183.5M

Robinhood, a US-based financial services platform, has agreed to acquire Luxembourg’s Bitstamp, a global cryptocurrency exchange.

Founded in 2011, Bitstamp operates across multiple countries, including Luxembourg, the UK, Slovenia, Singapore, and the US.

Robinhood’s acquisition of Bitstamp, boasting over 50 global licenses, will boost Robinhood Crypto’s worldwide expansion, drawing in customers from the EU, UK, US, and Asia.

The US-based company anticipates finalising the deal for around $200M (approximately €183.58M) in cash, pending customary purchase price adjustments. The acquisition is slated to close in the first half of 2025.

Aim of the acquisition

Robinhood’s acquisition of Bitstamp marks its entry into the institutional business. With Bitstamp’s institutional offerings, such as Bitstamp-as-a-service, institutional lending, and staking, Robinhood enters the space with established relationships, infrastructure, and “industry-leading” products. 

Bitstamp’s core spot exchange, boasting over 85 tradable assets, along with services like staking and lending, will enrich Robinhood’s Crypto offerings.

Johann Kerbrat, General Manager of Robinhood Crypto, says, “The acquisition of Bitstamp is a major step in growing our crypto business. Bitstamp’s highly trusted and long-standing global exchange has shown resilience through market cycles.”

“By seamlessly coupling customer experience with safety across geographies, the Bitstamp team has established one of the strongest reputations across retail and institutional crypto investors.”

“Through this strategic combination, we are better positioned to expand our footprint outside of the US and welcome institutional customers to Robinhood.”

JB Graftieaux, CEO of Bitstamp, adds, “As the world’s longest-running cryptocurrency exchange, Bitstamp is known as one of the most trusted and transparent crypto platforms worldwide.”

“Bringing Bitstamp’s platform and expertise into Robinhood’s ecosystem will give users an enhanced trading experience with a continuing commitment to compliance, security, and customer-centricity.”

Bitstamp’s team will join Robinhood, encouraging collaboration and innovation. Customers of both platforms can expect the same service, security, and transparency throughout the integration process.