Robinhood Markets Inc. has officially acquired Luxembourg-based crypto exchange Bitstamp for $200 million in cash, gaining over 50 regulatory licenses and an established institutional user base.

The deal value remained consistent with the preliminary agreement from June 2024, and was finalized on June 2, 2025.

Bitstamp acquisition by Robinhood
Source: Bitstamp

Bitstamp services over 5,000 institutional clients and around 50,000 retail customers, with most of its trade volume driven by the institutional segment.

In a separate statement on June 2, Robinhood confirmed that this acquisition significantly broadens its crypto presence outside the U.S., particularly in Europe, the UK, and Asia.

Bitstamp reported $95 million in revenue for the 12-month period ending April 30, while Robinhood’s crypto division posted $252 million in Q1 2025 revenue.

Robinhood has already begun integrating Bitstamp’s infrastructure into its systems. Bitstamp is now linked to Robinhood Legend and its Smart Exchange Routing engine.

Robinhood CEO Vladimir Tenev
Source: Vladimir Tenev

Robinhood expects to incur around $65 million in Bitstamp-related operational costs over the final seven months of 2025.

The company also struck a deal to acquire Canadian crypto platform WonderFi for approximately $179 million on May 13, signaling intent to expand into the Canadian market.

Robinhood Crypto general manager Johann Kerbrat told CNBC that additional acquisitions may still be on the table:

“If we can accelerate by 18 months or two years — and we strongly believe this was a great move — we’ll definitely pursue more.”

Robinhood (HOOD) shares closed June 2 up 2.77% at $67.98, with a further 0.44% gain in after-hours trading per Google Finance.

Next Frontier: Tokenization of Real-World Assets

CEO Vladimir Tenev emphasized that Robinhood’s next major crypto goal is to move into the tokenization of real-world assets.

He called the tokenization of private equity “a massive unlock” that can streamline secondary market transactions and benefit both retail and corporate investors.

According to Tenev, tokenized access to companies like OpenAI and SpaceX could become a reality in minutes using blockchain infrastructure.