Robinhood Acquires Bitstamp for $200 Million, Adds Over 50 Licences to Network Текст:

US-based brokerage firm Robinhood has officially acquired Luxembourg-headquartered crypto exchange Bitstamp. In an announcement posted on June 2, Robinhood said that it paid $200 million (roughly Rs. 1,709 crore) in cash to complete this acquisition. With this, Robinhood has now added over 50 licences held by Bitstamp to its own network. Johann Kerbrat, the general manager of Robinhood Crypto had first spoken about the plan to acquire Bitstamp last year during an interview with the Wall Street Journal.

Bitstamp was founded in 2011 and is touted as the longest running crypto exchange in the world. Its offices are located in Singapore, Slovenia, the UK, as well as the US. Robinhood plans to use Bitstamps resources to bring service offerings to institutional investors, 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.

Following the announcement, Bitstamp changed its name to Bitstamp by Robinhood on various online platforms including X.

In an official blog post, Bitstamp said 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.

Key Highlights on the Acquisition

Robinhood published some important details about Bitstamp and its acquisition for its investor community on June 2.

The American firm disclosed that Bitstamp was catering to over 500,000 retail and around five thousand funded institutional customers as of April 30, 2025. Bitstamps yearly revenue up till 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, Robinhoods announcement post added.

Robinhood will now integrate Bitstamps infrastructure into its own services and offerings.

Bringing Bitstamps platform and expertise into Robinhoods ecosystem will give users an enhanced trading experience with a continuing commitment to compliance, security, and customer-centricity, JB Graftieaux, CEO of Bitstamp said as commenting on the development.

Robinhoods crypto trading service had faced legal challenges with the US SEC last year on allegations of having violated the US Securities laws. However, following Donald Trumps return to the White House as the 47th US President, the SEC closed its investigation into Robinhood and did not take any action.

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Опубликовано: 10 июня, 2025

The US-based brokerage firm Robinhood has officially taken over the Luxembourg-based cryptocurrency exchange Bitstamp. In a statement released on June 2, Robinhood announced that it finalized the acquisition with a payment of $200 million (approximately Rs. 1,709 crore) in cash. As a result, Robinhood has incorporated more than 50 licenses from Bitstamp into its existing network. Johann Kerbrat, the head of Robinhood Crypto, initially mentioned plans to acquire Bitstamp during an interview with the Wall Street Journal last year.

Founded in 2011, Bitstamp is recognized as the world’s longest-running cryptocurrency exchange. It maintains offices in Singapore, Slovenia, the UK, and the US. Robinhood intends to utilize Bitstamp’s capabilities to expand its service offerings to institutional clients, as indicated by CEO and co-founder Vlad Tenev on X.

«Bitstamp is now integrated into Robinhood, enhancing our global crypto exchange scale and marking our entry into the institutional crypto market. Our journey is just beginning,» Tenev stated.

In light of the announcement, Bitstamp has rebranded as «Bitstamp by Robinhood» across various social media platforms including X.

In an official blog entry, Bitstamp stated that it «has been relied upon for 14 years by institutions for its dependable trade execution, extensive order books, and leading API connectivity, as well as offerings like crypto-as-a-service, institutional lending, and staking. Robinhood enters this arena with a well-established, highly regarded business and strong relationships.»

Major Points Regarding the Acquisition

Robinhood released crucial information about Bitstamp and the acquisition on June 2 for its investor community.

The American company indicated that as of April 30, 2025, Bitstamp was serving over 500,000 retail clients and approximately 5,000 funded institutional clients. The yearly revenue for Bitstamp until April 30 tallied at $95 million (about Rs. 811 crore).

«For the remainder of the year 2025, after the acquisition closes, Robinhood anticipates incurring around $65 million (approximately Rs. 555 crore) in costs related to Bitstamp. These costs will largely consist of Adjusted Operating Expenses and are driven mainly by business operations, along with several anticipated integration and deal-related expenses,» Robinhood’s announcement noted.

Robinhood is set to integrate Bitstamp’s systems into its own services and offerings.

«Incorporating Bitstamp’s platform and expertise into Robinhood’s ecosystem will enhance the trading experience for users while maintaining a strong focus on compliance, security, and customer orientation,» remarked JB Graftieaux, CEO of Bitstamp, commenting on the acquisition.

Previously, Robinhood’s cryptocurrency trading service encountered regulatory issues with the US SEC last year, facing allegations of infractions against United States securities laws. However, following Donald Trump’s return as the 47th US President, the SEC ended its investigation into Robinhood without taking any action.

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(This story has not been modified by NDTV staff and is automatically generated from a news feed.)