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Robinhood completes acquisition of Bitstamp to strengthen its global presence in the cryptocurrency market

Jun 06, 2024•over 1 year ago

Acquiring Company

Robinhood Markets

Acquired Company

Bitstamp

Menlo ParkLuxembourg CityCryptocurrencyBlockchainFinancial ServicesFinanceFinancial Services

Description

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.

Company Information

Company

Robinhood Markets

Location

Menlo Park, California, United States

About

Robinhood Markets, Inc. is on a mission to democratize finance for all. In the U.S., people can invest with no account minimums through Robinhood Financial LLC, a registered broker dealer (member SIPC), buy and sell crypto through Robinhood Crypto, LLC, spend and earn rewards through debit cards with Robinhood Money, LLC and credit cards with Robinhood Credit, Inc., trade U.S. stocks without commission or FX fees in the UK through Robinhood U.K. Ltd., trade crypto in select jurisdictions in the European Union through Robinhood Europe, UAB, and access easy-to-understand educational content through Robinhood Learn.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed