Robinhood completes acquisition of Bitstamp to strengthen its global presence in the cryptocurrency market
Acquiring Company
Robinhood Markets, Inc.
Acquired Company
Bitstamp
Menlo Park
Luxembourg CityInformation TechnologyFinancial ServicesArtificial IntelligenceFinanceFintechBlockchainCryptocurrencyFinancial ServicesFinanceDescription
Robinhood Markets, Inc. has entered into an agreement to acquire Bitstamp Ltd., a global cryptocurrency exchange. This strategic move aims to expand Robinhood's presence outside of the US by integrating Bitstamp's globally-scaled crypto exchange and bringing trusted institutional business capabilities to Robinhood. The acquisition is expected to close in the first half of 2025, subject to customary closing conditions and regulatory approvals.
Quick answer
Robinhood Markets, Inc. is acquiring Bitstamp, announced June 6, 2024. Robinhood Markets, Inc. is based in Menlo Park, California, United States.
- How much did Robinhood Markets, Inc. pay for Bitstamp?
- The deal value was not disclosed.
- What does Robinhood Markets, Inc. do?
- Robinhood Markets, Inc. is on a mission to democratize finance for all.
- Where are Robinhood Markets, Inc. and Bitstamp based?
- Robinhood Markets, Inc. is based in Menlo Park, California, United States. Bitstamp is based in Luxembourg City, Luxembourg, Luxembourg.
- Who are the decision-makers at Robinhood Markets, Inc?
- Fundz holds 4 contacts at Robinhood Markets, Inc. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Financial Services and Finance
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Robinhood acquires Bitstamp in $200 million deal to expand crypto operations, $200M (June 6, 2024)
- Robinhood completes acquisition of Pluto to enhance AI-powered investment advice (July 1, 2024)
- Ripple completes acquisition of Standard Custody & Trust Company to launch stablecoin and expand enterprise blockchain solutions (June 13, 2024)
- Talos completes acquisition of Skolem to enhance institutional access to DeFi (May 30, 2024)
- JanOne to Acquire ALT 5 Sigma Inc. to Drive Innovation in Blockchain Financial Technology (May 10, 2024)
- Patria Investments completes acquisition of Nexus Capital, expanding its Real Estate platform in Colombia (July 16, 2024)
Who to call at Robinhood Markets, Inc., and when
When Robinhood Markets, Inc. changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Related People
Frequently asked
Who acquired Bitstamp?
Bitstamp was acquired by Robinhood Markets, Inc., based in Menlo Park. The deal was reported on June 6, 2024. Robinhood Markets, Inc. is on a mission to democratize finance for all. Robinhood Markets, Inc. is publicly traded (HOOD) and operates in Information Technology.
When did Robinhood Markets, Inc. acquire Bitstamp?
Robinhood Markets, Inc.'s acquisition of Bitstamp was reported on June 6, 2024. Robinhood Markets, Inc. has entered into an agreement to acquire Bitstamp Ltd., a global cryptocurrency exchange. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Bitstamp do?
Bitstamp is one of the world’s oldest cryptocurrency exchanges, established in 2011. It holds a significant position in the crypto industry, with a strong presence in Europe, the U.K., the U.S., and Asia. It is privately held, operating in Financial Services, and is based in Luxembourg City.
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