Robinhood to Acquire Bitstamp, for Approx. $200M
Summary
Robinhood expects the final deal consideration to be approximately $200m in cash, subject to customary purchase price adjustments. The acquisition, which is subject to customary closing conditions, will bring Bitstamp’s globally-scaled crypto exchange to Robinhood, with retail and institutional customers across the EU, UK, US and Asia. The company has offices in Luxembourg, the UK, Slovenia, Singapore, and the US. Bitstamp’s core spot exchange, with over 85 tradable assets, and products like staking and lending, will enhance Robinhood’s Crypto offering. With Bitstamp’s other institutional offerings like white label solution Bitstamp-as-a-service, institutional lending, and staking, Robinhood will enter the space with active and established relationships, infrastructure and industry-leading products.