Robinhood Markets, Inc. has completed its acquisition of Bitstamp Ltd., a cryptocurrency exchange founded in 2011. Bitstamp operates in Luxembourg, the UK, Slovenia, Singapore, and the United States.

The agreement was first announced in June 2024. The completed deal marks Robinhood’s formal entry into global and institutional crypto markets.

Bitstamp Brings Licensed Users to Robinhood

Johann Kerbrat, General Manager of Robinhood Crypto
Johann Kerbrat, General Manager of Robinhood Crypto, Source: LinkedIn

“The acquisition of Bitstamp is a major step in growing our crypto business. Bitstamp’s highly trusted and long standing global exchange has shown resilience through market cycles,” said Johann Kerbrat, General Manager of Robinhood Crypto.

“By seamlessly coupling customer experience with safety across geographies, the Bitstamp team has established one of the strongest reputations across retail and institutional crypto investors.”

Bitstamp holds more than 50 active licenses and registrations. Its customer base spans the European Union, the United Kingdom, the United States, and parts of Asia.

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Bitstamp Provides Infrastructure for Robinhood

“As the world’s longest running cryptocurrency exchange, Bitstamp is known as one of the most-trusted and transparent crypto platforms worldwide,” said JB Graftieaux, CEO of Bitstamp.

“Bringing Bitstamp’s platform and expertise into Robinhood’s ecosystem will give users an enhanced trading experience with a continuing commitment to compliance, security, and customer-centricity.”

For over a decade, Bitstamp has served institutional clients. Its services include crypto-as-a-service, institutional lending, and staking. It is also recognized for its deep order books and API infrastructure.

Bitstamp Launches UK Ethereum, Cardano Staking

Bitstamp now offers UK staking for Ethereum (ETH) and Cardano (ADA) via its Bitstamp Earn Staking service. ETH can be staked directly, while ADA staking is automatic with an opt-out option.

Following the UK Treasury’s January 2025 ruling excluding staking from CIS regulations, Bitstamp distributes rewards weekly or monthly. There are no lock-up periods imposed by Bitstamp, though staking networks may set their own terms and fees.

Source: Finance Magnates