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Home Tech

Robinhood Acquires Bitstamp for $200 Million, Provides Over 50 Licences to Community

by Staff Reporter
June 3, 2025
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Robinhood Acquires Bitstamp for 0 Million, Provides Over 50 Licences to Community
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US-based brokerage agency Robinhood has formally acquired Luxembourg-headquartered crypto change Bitstamp. In an announcement posted on June 2, Robinhood stated that it paid $200 million (roughly Rs. 1,709 crore) in money to finish this acquisition. With this, Robinhood has now added over 50 licences held by Bitstamp to its personal community. Johann Kerbrat, the final supervisor of Robinhood Crypto had first spoken concerning the plan to accumulate Bitstamp final yr throughout an interview with the Wall Street Journal.

Bitstamp was based in 2011 and is touted because the longest operating crypto change on the planet. Its places of work are situated in Singapore, Slovenia, the UK, in addition to the US. Robinhood plans to make use of Bitstamp’s sources to deliver service choices to institutional traders, Vlad Tenev, the CEO and co-founder of Robinhood, indicated on X.

“Bitstamp is now part of Robinhood, adding a globally-scaled crypto exchange and our first-ever institutional crypto business. Our work is just beginning,” Tenev posted.

Bitstamp is now a part of Robinhood, including a globally-scaled crypto change and our first-ever institutional crypto enterprise.

Our work is simply starting. https://t.co/VDjGS1KuBb

— Vlad Tenev (@vladtenev) June 2, 2025

Following the announcement, Bitstamp modified its title to “Bitstamp by Robinhood” on varied on-line platforms together with X.

In an official weblog publish, Bitstamp stated that it “has been trusted for 14 years by institutions for its reliable trade execution, deep order books and industry-leading API connectivity and offerings like crypto-as-a-service, institutional lending, and staking. Robinhood is entering the space with an active and highly trusted business with established relationships.”

Bitstamp is now a part of @RobinhoodApp

Together, we’re combining 14 years of trusted crypto experience with Robinhood’s international imaginative and prescient – increasing entry and constructing the way forward for crypto, collectively.

More right here :point_down:https://t.co/Po2NxE971C

— Bitstamp by Robinhood (@Bitstamp) June 2, 2025

Key Highlights on the Acquisition

Robinhood revealed some necessary particulars about Bitstamp and its acquisition for its investor group on June 2.

The American agency disclosed that Bitstamp was catering to over 500,000 retail and round 5 thousand funded institutional clients as of April 30, 2025. Bitstamp’s yearly income up until April 30 was clocked at $95 million (roughly Rs. 811 crore).

“In 2025, for the remaining seven months of the year post close, Robinhood expects to record approximately $65 million (roughly Rs. 555 crore) of Bitstamp-related costs. These costs are nearly all Adjusted Operating Expenses and are primarily driven by business operations, along with some anticipated integration and deal-related costs,” Robinhood’s announcement publish added.

Robinhood will now combine Bitstamp’s infrastructure into its personal companies and choices.

“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,” JB Graftieaux, CEO of Bitstamp stated as commenting on the event.

Robinhood’s crypto buying and selling service had confronted authorized challenges with the US SEC final yr on allegations of getting violated the US Securities legal guidelines. However, following Donald Trump’s return to the White House because the forty seventh US President, the SEC closed its investigation into Robinhood and didn’t take any motion.

(This story has not been edited by NDTV employees and is auto-generated from a syndicated feed.)



Tags: AcquiresAcquisitionAddsbitstampLicencesMillionNetworkrobinhoodrobinhood acquires bitstamp usd 200 million 50 licences added cryptocurrency
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