Robinhood to Buy Crypto Exchange Bitstamp in Effort to Expand Outside the U.S.
Summary
Robinhood has agreed to acquire UK-based crypto exchange Bitstamp in a $200 million all-cash deal, set to close in the first half of 2025. The acquisition aims to expand Robinhood's global crypto presence and attract institutional clients. Bitstamp, founded in 2011, is one of Europe's largest crypto exchanges, offering spot trading of over 85 cryptocurrencies and other crypto products. It holds more than 50 licenses and registrations globally. The deal could increase competition in the crypto exchange market, as Robinhood's international expansion could take market share from competitors like Coinbase.
