Robinhood completes a $200M acquisition of Bitstamp, gaining over 50 international licenses and a strong institutional client base.

Integration with Robinhood Legend and Smart Order Routing enhances global institutional trading capabilities.

Robinhood Crypto earns $252M in Q1 2025, more than doubling Bitstamp’s annual revenue.

Robinhood’s aggressive push into the global crypto arena, Robinhood Markets, Inc., has officially completed its $200 million acquisition of Luxembourg-based Bitstamp. The all-cash deal, first announced in June 2024, brings with it more than 50 international licenses and a mature institutional client base, accelerating Robinhood’s ambitions to become a dominant player in global digital asset markets.

Bitstamp, one of the oldest crypto exchanges in the world, services over 5,000 institutional clients and 50,000 retail users, with institutional volume making up the lion’s share of its activity. The exchange generated $95 million in revenue over the 12 months ending April 30, 2025.

The acquisition gives Robinhood a serious international footprint, allowing it to expand beyond its U.S. roots and tap into the European, U.K., and Asian markets. With the integration already underway, Bitstamp has been connected to the company Legend, the firm’s institutional-grade crypto platform, and its Smart Order Routing system, aimed at optimizing trade execution.

Robinhood Crypto General Manager Johann Kerbrat told CNBC on June 2 that this isn’t likely to be the company’s final foray into crypto M&A. “If we can find a way to accelerate by at least 18 months or two years, and we have a lot of great reason to believe this is a great acquisition, it’s something that we’ll look at,” he said.

Robinhood Crypto Revenue Hits $252 Million in Q1 2025

The acquisition will come with approximately $65 million in integration and operational costs over the remaining seven months of 2025, the company disclosed.

It follows closely on the heels of Robinhood’s May 13 agreement to acquire Canadian crypto firm WonderFi for $179 million, marking another step in expanding its North American presence.

Meanwhile, Robinhood’s crypto division has been outperforming expectations. The firm reported $252 million in crypto revenue in Q1 2025 alone, more than doubling Bitstamp’s full-year take.

CEO Vlad Tenev has made it clear that the company isn’t just building a crypto trading platform, it is laying the groundwork for the future of finance. One of the company’s top priorities is entering the real-world asset (RWA) tokenization market, a sector Tenev believes could revolutionize how private equities are bought and sold.

Tokenization of assets like shares in OpenAI or SpaceX could democratize access to high-value private investments, Tenev said during the company’s Q1 earnings call. “I think that will unlock a ton of economic value for the crypto industry in the US,” he added.

Investors appear to like what they’re seeing. Robinhood shares (NASDAQ: HOOD) closed up 2.77% at $67.98 on June 2, with a modest after-hours bump of 0.44%, according to Google Finance.

As Robinhood absorbs Bitstamp and eyes further acquisitions, the company is evolving from a U.S.-centric trading app into a global crypto powerhouse, potentially serving as a gateway to the tokenized economy of the future.

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Filed under: Bitcoin - @ June 3, 2025 11:30 am