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Robinhood Markets Inc. has acquired Bitstamp for $200 million, which will enable the company to expand into the international cryptocurrency market. The acquisition, which took place with a cash payment on June 2, 2025, gives Robinhood’s crypto business more than 50 crypto licenses and a substantial base of institutional and individual clients.
Since its establishment in 2011, Bitstamp, based in Luxembourg, has earned a reputation for compliance with regulations. Offering more than 50 active licenses and registrations globally, Bitstamp allows Robinhood to enjoy quick access to areas such as Europe, the United Kingdom, and Asia. Currently, Bitstamp caters to around 5,000 companies and 50,000 individuals, with institutions accounting for a major part of their trading.
The acquisition enables Robinhood to grow its presence well beyond its core U.S. market. Robinhood has begun integrating Bitstamp’s infrastructure into its own platforms, including the Robinhood Legend custody service and the Smart Exchange Routing engine. The company anticipates spending approximately $65 million on Bitstamp-related expenses for the remainder of 2025. Over the past 12 months, Bitstamp generated $95 million in revenue, demonstrating the value of its institutional business.
Robinhood’s international expansion extends beyond Europe. On May 13, the company agreed to acquire WonderFi, a Canadian crypto platform, for about $179 million. WonderFi owns Bitbuy and Coinsquare, two leading Canadian trading services that reported a combined trading volume of C$3.5 billion last year. Once complete, this acquisition will give Robinhood a fast track into the Canadian market, which has posed regulatory challenges for other U.S. firms.
Robinhood Crypto’s general manager, Johann Kerbrat, told CNBC that the company remains open to additional acquisitions if it can accelerate growth by 18 months or more. These moves follow a broader wave of mergers and acquisitions in the crypto sector, such as Coinbase’s $2.9 billion purchase of Deribit and Ripple’s $1.25 billion acquisition of prime brokerage firm Hidden Road.
Robinhood CEO Vladimir Tenev shared his plans to expand the company’s crypto products by using tokens for real-world assets. Tenev mentioned that, with tokenized private equities, investors might soon have the opportunity to gain access to shares related to OpenAI and SpaceX through the use of blockchain tokens.
Based on its vision, Robinhood has proposed to the U.S. Securities and Exchange Commission (SEC) that there should be one federal framework for handling tokenized assets that represent real-world assets. The firm suggested constructing a Real-World Asset Exchange (RRE) by combining traditional trading with blockchain technology to boost both efficiency and transparency.
Robinhood shares closed at $67.98 on June 2, up 2.77% for the day, reflecting strong market confidence in its global crypto ambitions.
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