Robinhood Markets, Inc. The Luxembourg’s Crypto Exchange Bitstamp has stopped acquiring $ 200 million, with more than 50 licenses and registrations and an established institutional customer base added to its Crypto Arm.
The idea of $ 200 million was unchanged by an initial agreement in June 2024 and was fully paid in Robinhood Said On 2 June.
Bitstamp serves over 5,000 institutional customers and 50,000 retail customers, most of its trading volumes are powered by their institutional basis.
Robin Said A separate June 2 statement that the acquisition expands its crypto footprint in European, Britain and Asian markets beyond the US.
Bitstamp reported $ 95 million in revenue for the last 12 months ending April 30, while Robinhood’s Crypto business earned $ 252 million in the first quarter of 2025.
Robinhood said it has started integrating the crypto platform of Bitstamp and this bitstamp is already associated with Robinhood Legend and its smart exchange routing offer.
Robinhood hopes that in the remaining seven months of 2025, the cost related to about $ 65 million will be recorded.
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Robinhood has also agreed to acquire the Canadian Crypto platform Wonderfi for $ 179 million on 13 May as part of a step to strengthen its appearance in the Canadian market.
Robinhood Crypto General Manager Johan Kerbrate told On June 2, the CNBC said the firm has not rejected the possibility of other crypto acquisition.
“If we can find a way to speed up at least 18 months or two years – and we have many great reasons to believe that it is a great acquisition – this is something that we will definitely see.”
The stocks in Robinhood (HOD) closed on June 2 and increased by 2.77% to $ 67.98, with an increase of 0.44% after hours, According For Google Finance.
Tokenization is the next crypto focus of Robinhood
An important focus for Robinhood CEO Vladimir Tennev is to expand the firm’s crypto offerings in the real -world asset tokening market.
Tokinging is a “huge unlock” for both individuals and companies that can solve a lot of problems in secondary market transactions, Tenav said in Robinhood’s first quarter’s earnings call.
“I think it would unlock a tonnes of economic value for the Crypto industry in the US,” Tennev said earlier that crypto tokenings can allow investors to buy shares with token in large-nam private firms like openi and SpaceX within minutes.
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