Broker Robinhood acquires cryptocurrency exchange Bitstamp for $200 million

Broker Robinhood acquires cryptocurrency exchange Bitstamp for $200 million

user avatar

by Eve Adams

2 years ago

American online broker Robinhood announced the acquisition of the cryptocurrency exchange Bitstamp. The $200 million deal is expected to be completed between January and March 2025.

Consultants from Barclays Capital and Galaxy Digital participated in the sale negotiations, providing their expert services.

The acquisition of Bitstamp is an important step for the development of Robinhood's crypto business, which, according to Johann Kerbrat, General Manager of Robinhood Crypto, will allow the broker to attract more institutional clients.

JB Graftieaux, CEO of Bitstamp, emphasized that integration with the Robinhood ecosystem will provide his exchange's customers with new opportunities to enhance their trading experience in the market.

Bitstamp, one of the largest centralized cryptocurrency exchanges in Europe, has been operating since 2011 and shows stable results. In the last 24 hours, the trading volume on the platform amounted to $232 million.

It is also worth noting that Robinhood recently received a notice from the U.S. Securities and Exchange Commission (SEC), stating that the agency intends to sue the company for violating securities laws.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

CZ Calls Out Elon Musk Amid Binance Hack

Changpeng Zhao, co-founder of Binance, publicly addressed Elon Musk after his mocking response to a significant hack affecting the exchange.

user avatarMaria Fernandez

RUNE Price Surges Amid Ongoing Investigations into Stolen Cryptocurrency

RUNE's price increased from a local low of 0.59 to approximately 0.67 as investigations into stolen cryptocurrency movements through decentralized platforms, including THORChain, intensified.

user avatarGustavo Mendoza

Trezor Issues Urgent Security Warning for Safe 5 Wallets

Trezor has issued a security warning to customers who purchased Safe 5 hardware wallets through the Southeast Asian reseller CryptoBilis since March 2026, advising them to transfer their cryptocurrency to a newly generated wallet due to a potential hidden cellular implant.

user avatarRajesh Kumar

MEXC Introduces Canton 0Fee Carnival for Traders

MEXC has launched the Canton 0Fee Carnival, enabling users to trade CC spot and futures pairs without fees from October 30 to November 30, 2026, and participate in a prize pool of 1 million.

user avatarMiguel Rodriguez

XRP Ledger Foundation Clarifies Proposal's Routine Nature

The XRP Ledger Foundation clarifies that proposed changes to the token approval process are routine improvements and unrelated to any security incidents.

user avatarLuis Flores

XRP Ledger Developers Propose Tighter Token Approval Controls

XRP Ledger developers propose amendments for stricter token approval controls to enhance protocol safeguards and ensure consistent application of approval requirements.

user avatarArif Mukhtar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.