Robinhood attacks: 200 million for crypto exchange Bitstamp!

Robinhood attacks: 200 million for crypto exchange Bitstamp!

Robinhood Markets, Inc. has announced its purchase of crypto exchange Bitstamp. The price for the acquisition is $200 million. This strategic decision aims to expand Robinhood's services to institutional customers in the US and beyond. The acquisition is part of a larger plan to expand Robinhood's crypto presence into European, UK and Asian markets.

Bitstamp, founded in 2011, generated $95 million in revenue last year and serves over 50,000 retail customers and more than 5,000 institutional customers. These institutional partners account for the majority of trading volume. With the integration of Bitstamp into Robinhood's platform, collaboration with these customers will be further strengthened as Robinhood will gain access to advanced services such as institutional lending, staking and Bitstamp-as-a-Service.

Expansion of crypto services

Bitstamp's crypto platform will continue to operate under its own brand name, which will preserve the company's brand identity. Robinhood has already begun integrating Bitstamp and expects the acquisition to close in the first half of 2025 after receiving approval from regulators. The acquisition was motivated by increasing demand for cryptocurrency products and represents another step for Robinhood, which has been working to expand its crypto services since 2018, initially starting with Bitcoin and Ethereum.

In a further step, Robinhood agreed to acquire the Canadian crypto platform WonderFi on May 13, 2025 for around $179 million. Johann Kerbrat, CEO of Robinhood Crypto, stated that further crypto acquisitions are not ruled out, and CEO Vladimir Tenev mentions that the focus is on expanding crypto offerings in the Real World Asset (RWA) space. The RWA market has shown strong growth figures in the first quarter of 2025, with stablecoins acting as significant growth drivers.

The purchases of Bitstamp and WonderFi show that Robinhood is successfully strengthening its position in the cryptocurrency market despite increasing regulatory pressure. In the first quarter of 2025, Robinhood generated $252 million in its crypto business, supporting the rising popularity of cryptocurrencies among users.

Overall, this development highlights Robinhood's ambitions to become a leader in the crypto sector as demand for digital currencies continues to grow.

For more information, readers can check out reporting from BTC ECHO and Newsbit read up.