Robinhood, an American financial services giant, has finalized its $200 million acquisition of Bitstamp, a global cryptocurrency exchange.
The deal was first announced in June 2024 and completed almost a year later on June 2, 2025. This marks a significant step in Robinhood’s expansion.
Bitstamp Joins Robinhood in $200 Million Acquisition
The announcement was made via Bitstamp’s official blog. This purchase allows Robinhood to tap into Bitstamp’s established infrastructure. Founded in 2011, Bitstamp operates globally with offices in Luxembourg, the UK, Slovenia, Singapore, and the US.
The deal significantly boosts Robinhood Crypto’s global expansion, bringing access to Bitstamp’s diverse customer base across the EU, UK, US, and Asia. Bitstamp holds over 50 active licenses and registrations, cementing its position as a major player in the crypto industry.
Moreover, as of April 30, 2025, Bitstamp generated a total net revenue of around $95 million over the previous 12-month period.
“Robinhood anticipates Bitstamp to be roughly Adjusted EBITDA neutral immediately following the close and to be Adjusted EBITDA accretive within 12 months post-close. In 2025, for the remaining seven months of the year post close, Robinhood expects to record approximately $65 million of Bitstamp-related costs,” Robinhood disclosed.
Johann Kerbrat, General Manager of Robinhood Crypto, described the acquisition as a pivotal step in the company’s growth strategy within the crypto market.
“Bitstamp’s highly trusted and long standing global exchange has shown resilience through market cycles. By seamlessly coupling customer experience with safety across geographies, the Bitstamp team has established one of the strongest reputations across retail and institutional crypto investors,” Kerbrat stated.
This move will enhance Robinhood’s offerings by integrating Bitstamp’s spot trading, staking, and custody services into its platform, catering to both retail and institutional investors.
“Bringing Bitstamp’s platform and expertise into Robinhood’s ecosystem will give users an enhanced trading experience with a continuing commitment to compliance, security, and customer-centricity,” Bitstamp CEO JB Graftieaux noted.
Besides Bitstamp, Robinhood is also in the process of acquiring WonderFi, a Canadian crypto platform, for $178 million. The deal is anticipated to be finalized in the second half of 2025.
Robinhood is not the only one with expansion plans. Coinbase, Ripple, and Kraken have also recently revealed significant acquisitions this year. This highlights a broader trend of increased consolidation and strategic growth within the cryptocurrency industry.
Bitwise CEO Hunter Horsley predicts that more deals will likely follow in 2025.
“2025 will be the year of consolidation in crypto. We expect to see 10–20 notable M&A deals this year alone, as the space matures into its next phase,” Horsley mentioned to BeInCrypto.
Katherine Dowling, Bitwise’s General Counsel, also pointed out that mergers and acquisitions (M&A) activity typically enhances market stability. This occurs because companies are pushed to either strengthen themselves or merge with others.
“Historically, M&A has ultimately led to more stability in the market for other industries as a result of the shakeout and creation of ‘winners’ and ‘losers,’ where some businesses will scale, others will combine, and some will fall out entirely,” Dowling told BeInCrypto.
However, the consolidation also raises centralization concerns. Despite this, Dowling suggested that both centralized and decentralized players will continue to coexist.
While certain areas of the crypto market may benefit from centralized growth control, other sectors will continue to thrive and grow within decentralized structures. This indicates a balanced view, where both models can flourish in different areas of the industry, depending on each market segment’s specific needs and objectives.
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