Robinhood Acquires Major Cryptocurrency Exchange

Robinhood has made a name for itself in the cryptocurrency world in the last couple of years.

Robinhood is a popular fintech company that operates an easily navigable brokerage platform where users can freely trade stocks, cryptocurrency, and ETFS.

After initially refraining from Cryptocurrency, the company launched its crypto trading platform in 2018 and helped fuel the meme coin craze by listing coins such as DOGE and SHIB.

Robinhood is now looking to deepen its stake in the crypto world and has acquired the cryptocurrency exchange Bitstamp.

CNBC had more details on the big deal:

Robinhood has officially closed its $200 million acquisition of Bitstamp, bringing one of the world’s longest-running cryptocurrency exchanges into its fold and signaling a strategic shift beyond retail trading and into the world of institutions.

The all-cash deal, first announced last year, gives Robinhood an immediate international footprint — including more than 50 active crypto licenses across Europe, the UK and Asia — as well as an established institutional client base, something the retail trading app has long lacked.

For Robinhood, the deal marks a move into deeper waters: institutional crypto flows, lending and staking infrastructure, and white-label “crypto-as-a-service” products built for hedge funds, fintechs and registered investment advisors — all of which require robust systems for custody, price discovery and settlement.

″I wouldn’t call it necessarily a pivot,” Robinhood Crypto General Manager Johann Kerbrat told CNBC. “For us, it’s combining the strengths of the two businesses. We are one of the largest retail marketplaces in the U.S. … They have products that we don’t have, like order books, crypto as a service, advanced API and lending and staking, and thanks to that, we will be able to get into this space not starting from scratch.”

More details:

Robinhood $HOOD just closed its $200M acquisition of Bitstamp pic.twitter.com/YpFWxlwmRj

— Evan (@StockMKTNewz) June 2, 2025

Did you know Ripple had a stake in BitStamp?

Check out what The Block reported:

Ripple president Monica Long said the company’s recent stake acquisition in European crypto exchange Bitstamp will help further grow the company’s international presence and diversification beyond payments.

“Ripple has a strong balance sheet and we are actively looking for opportunities to continue expanding the business outside of the U.S. and beyond payments, as we further solidify our global leadership position,” Long told The Block. The company acquired an undisclosed stake in Bitstamp from crypto venture capital Pantera. Galaxy Digital Holdings, who advised Pantera on the deal during the first quarter of the year, disclosed the news earlier this month.

“Like Ripple, Bitstamp has a long and established history in the crypto industry. They’re a trusted and leading exchange, particularly in their enterprise-grade and institutional offerings,” Long said. “They have been a valuable partner to Ripple, and as such we were excited at the opportunity to invest in their business and deepen our partnership.”

Ripple works with several crypto exchanges globally, including Bitstamp, to make its payments product more useful with features such as fiat on/off ramps and crypto custody service integration, Long said. Jean-Baptiste Graftieaux, CEO of Bitstamp, told The Block that Ripple and Bitstamp have had a partnership since 2017.

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