Robinhood Markets, Inc. has closed an acquisition of $ 200 million in Luxembourg Crypto Exchange Bitstamp, adding more than 50 licenses and registrations and an institutional clientele established in its cryptographic arm.
The counterpart of $ 200 million was unchanged from an initial agreement in June 2024 and was completely paid in cash, Robinhood said June 2.
Bitstamp serves more than 5,000 institutional customers and 50,000 retail customers, most of its commercial volume fired by its institutional base.
Robin said In a separate declaration of June 2 according to which the acquisition considerably expands its cryptographic footprint beyond the United States on European, British and Asian markets.
Bitstamp said $ 95 million in income for the last 12 months ending on April 30, while Robinhood crypto activities gained $ 252 million in the first quarter of 2025.
Robinhood said that he started to join the Bitstamp CryptoTamp platform and that Bitstamp is already connected to Robinhood Legend and its intelligent exchange routing offer.
Robinhood plans to record around $ 65 million in Bitstamp costs in the remaining seven months of 2025.
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Robinhood also agreed to acquire the Canadian Crypto Wonderfi platform for around 179 million dollars on May 13 as a decision to strengthen its presence on the Canadian market.
Robinhood Crypto General Manager Johann Kerbrat said CNBC On June 2, the firm has not excluded the possibility of other cryptography acquisitions.
“If we can find a way to accelerate at least 18 months or two years – and we have a lot of good reasons to believe that it is a great acquisition – this is something that we will certainly look.”
The shares of Robinhood (Hood) closed on June 2, exchanging from 2.77% to $ 67.98, with gains extending from 0.44% after hours according to to Google Finance.
Tokenization is the next focus of Robinhood cryptography
A key objective for Robinhood CEO Vladimir Tenev is to extend the company’s crypto offers to the tokenization market for real assets.
Tokensizing Private Equities is a “huge unlocking” for individuals and businesses that can solve many problems in secondary market transactions, Tenev said Robinhood’s first quarter of the first quarter.
“I think that will unlock a ton of economic value for the cryptography industry in the United States,” said Tenev, who previously stressed that cryptographic tokenization could allow investors to buy tokenized actions in private companies of large names like Openai and Spacex in a few minutes.
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