Robinhood Markets, Inc. ( HOOD ) has signed an agreement to acquire crypto exchange Bitstamp, in a move that significantly expands Robinhood’s presence in the crypto market.

What Happened: The all-cash deal is valued at approximately $200 million, subject to customary adjustments, and is expected to close in the first half of 2025 pending regulatory approvals.

Expected to close in the first half of 2025, the deal is pending regulatory approvals and other customary closing conditions, the company stated.

Bitstamp, founded in 2011, operates in Luxembourg, the UK, Slovenia, Singapore and the U.S., holding over 50 active licenses and registrations globally.

This deal will allow Robinhood to tap into Bitstamp’s extensive retail and institutional customer base across the EU, UK, U.S. and Asia.

“The acquisition of Bitstamp is a major step in growing our crypto business,” said Johann Kerbrat, General Manager of Robinhood Crypto. “Bitstamp’s highly trusted and longstanding global exchange has shown resilience through market cycles. By seamlessly coupling customer experience with safety across geographies, the Bitstamp team has established one of the strongest reputations among retail and institutional crypto investors.”

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Bitstamp’s CEO, JB Graftieaux, echoed this sentiment, stating, “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.”

The acquisition will enhance Robinhood’s crypto offerings with Bitstamp’s products, including staking, institutional lending, and a white-label solution known as Bitstamp-as-a-service.

Bitstamp’s core spot exchange, featuring over 85 tradable assets, will also integrate into Robinhood’s portfolio.

The acquisition deal seeks to further Robinhood’s ambition to expand its footprint beyond the US and attract institutional clients.

Barclays Capital Inc. and Galaxy Digital Partners LLC served as financial advisors to Robinhood and Bitstamp, respectively.

What’s Next: As the digital asset landscape evolves, such developments will be thoroughly examined at the Benzinga Future of Digital Assets event on Nov. 19, where industry leaders will discuss the implications and future trends in the digital asset market.

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