Robinhood has completed its $200 million acquisition of Bitstamp, the world’s oldest crypto exchange. Announced on June 2, this strategic move marks Robinhood’s plan to expand beyond the U.S. This development aims to strengthen its presence in the crypto market by serving institutional clients. Bitstamp Joins Robinhood The U.S.-based financial technology company first announced plans to buy Bitstamp in June 2024 . Less than a year later, the deal is complete. Before the deal could be sealed, the company went through a rigorous process, including getting approval from regulators and meeting legal requirements. Bitstamp started 2011 as a European alternative to the now-closed Mt. Gox exchange. Since then, it has become one of the most trusted crypto exchanges globally. It offers over 85 tradable crypto assets and licenses in over 50 countries. In May, Bitstamp received a Crypto Asset Service Provider (CASP) license under the European Union’s Markets in Crypto-Assets (MiCA) regulation. This approval allowed the exchange to provide many services across Europe legally. By buying Bitstamp, Robinhood can now offer crypto trading to more users in Europe, the UK, Asia, and the U.S. It can also serve institutional clients and large companies for the first time. Bitstamp To Complement Broader Market Strengths Bitstamp brings more than just a customer base. It also brings firm crypto services like lending, staking, and a robust trading API. These features support Robinhood’s goal of offering seamless global trading. Robinhood plans to combine its large retail user base with Bitstamp’s institutional infrastructure. This will improve liquidity, increase market access, and deliver a better trading experience for users across different regions and asset classes. Notably, Bitstamp will keep its name for now, rebranded as “Bitstamp by Robinhood.” Both teams will work together to improve crypto services. Robinhood Aims to Grow Beyond Crypto Robinhood is building more than just a trading app. The company wants to create a global financial ecosystem that includes tokenized securities , stocks, crypto, stablecoins, and prediction markets. It plans to use blockchain technology to make trading smoother and faster. Crypto trading is already a growing part of Robinhood’s business. This acquisition is poised to help it compete with major players like Coinbase, giving it a trusted foundation to grow worldwide. Notably, Barclays Capital Inc. worked with Robinhood as its advisory during the acquisition, while Galaxy Digital Partners LLC supported Bitstamp. Together, they helped shape one of the year’s biggest crypto deals. With Bitstamp under its wing, Robinhood takes a bold step toward becoming a truly global force in crypto and finance. The post Robinhood Seals Bitstamp Deal, Push for Global Crypto Expansion appeared first on TheCoinrise.com .
