Robinhood to buy European crypto firm Bitstamp for $200M

By Ovunc Kutlu

ISTANBUL (AA) - American financial services company Robinhood Markets announced Thursday it will acquire European cryptocurrency exchange firm Bitstamp for approximately $200 million in cash.

The California-based company said the deal will significantly accelerate its expansion worldwide, as Bitstamp holds over 50 active licenses and registrations globally, bringing it customers across the EU, the UK, the US, and Asia.

“The acquisition of Bitstamp is a major step in growing our crypto business," Robinhood Crypto General Manager Johann Kerbrat said in a statement. "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," he added.

Bitstamp CEO JB Graftieaux said bringing his firm'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."

The deal is expected to close in the first half of 2025.