Robinhood Markets has entered into an agreement to acquire Bitstamp Ltd. (21.57)

Robinhood Markets has entered into an agreement to acquire Bitstamp Ltd. (21.57)
  • Bitstamp Ltd., a global cryptocurrency exchange. Bitstamp was founded in 2011 and has offices in Luxembourg, the UK, Slovenia, Singapore, and the US.
  • This acquisition will bring Bitstamp's globally-scaled crypto exchange to Robinhood, with retail and institutional customers across the EU, UK, US and Asia.
  • This strategic combination better positions Robinhood to expand outside of the US and will bring a trusted and reputable institutional business to Robinhood.
  • Expected to close in the first half of 2025, subject to customary closing conditions, including regulatory approvals.
  • Robinhood expects the final deal consideration to be approximately $200 mln in cash, subject to customary purchase price adjustments. The acquisition is subject to customary closing conditions, including regulatory approvals, and is expected to close in the first half of 2025. Barclays Capital Inc. served as exclusive financial advisor to Robinhood. Galaxy Digital Partners LLC served as exclusive financial advisor to Bitstamp.