HOOD - Robinhood Announces Acquisition Of Crypto Exchange Bitstamp in $200M Deal | Benzinga
Robinhood Markets, Inc. (NASDAQ:HOOD) has signed an agreement to acquire crypto exchange Bitstamp, in a move that significantly expands Robinhood’s presence in the crypto market.
What Happened: The all-cash deal is valued at approximately $200 million, subject to customary adjustments, and is expected to close in the first half of 2025 pending regulatory approvals.
Expected to close in the first half of 2025, the deal is pending regulatory approvals and other customary closing conditions, the company stated.
Bitstamp, founded in 2011, operates in Luxembourg, the UK, Slovenia, Singapore and the U.S., holding over 50 active licenses and registrations globally.
This deal will allow Robinhood to tap into Bitstamp’s extensive retail ...