Robinhood has completed the acquisition of Bitstamp, a cryptocurrency exchange based in Luxembourg, for $200 million.
This acquisition expands Robinhood's institutional offerings in digital currencies across Europe, the UK, and Asia.
Bitstamp currently supports over 5,000 institutional clients and 50,000 retail users, with the majority of its trading volume coming from institutions.
These terms align with the preliminary agreement made in June 2024.
Additionally, on May 13, Robinhood revealed its acquisition of the Canadian cryptocurrency company WonderFi for $179 million.