Robinhood acquired the world’s longest-running crypto exchange, Bitstamp, for $200 million in the latest of a flurry of deals in the crypto space.
Robinhood Completes Acquisition of Crypto Exchange Bitstamp for $200 Million
3 June 2025 - 15:45 CEST
Robinhood Markets Inc., which runs the popular trading app Robinhood, expects to obtain more than 50 licenses and registrations and to expand its institutional client base as it builds out its crypto arm, the California-based company said in a 2 June statement.
Strategic move
Over the past several years, Robinhood has gained popularity for its user-friendly platform which allows individuals to easily trade stocks and a growing number of digital assets without commissions. The Bitsstamp deal is seen as a strategic move that will give Robinhood access to Bitstamp’s 50,000 retail customers and 5,000 institutional clients.
“The acquisition of Bitstamp is a major step in growing our crypto business,” Johann Kerbrat, General Manager of Robinhood Crypto, said in the statement. “Through this strategic combination, we are better positioned to expand our footprint outside of the US and welcome institutional customers to Robinhood.”
Asset tokenization
Robinhood’s CEO Vlad Tenev has stated that he intends to further expand the company’s services into the asset tokenization market. Tenev believes tokenizing assets, like stocks or real estate would “unlock” significant gains for investors by resolving several issues in secondary market transactions.
With this intent to tokenize, Robinhood styles itself as a potential major player in the next wave of digital finance where traditional and crypto markets converge.
