Robinhood To Build Out Global Crypto Business With $200M Bitstamp Buyout
Key Takeaways
- Robinhood has completed its $200 million acquisition of Bitstamp, gaining access to over 50 global regulatory licenses.
- The deal follows a planned acquisition of Canada’s WonderFi, as Robinhood expands internationally through M&A.
- Robinhood has submitted a proposal to the SEC calling for a federal framework for tokenized real-world assets.
Robinhood has officially completed its $200 million cash acquisition of Bitstamp, the Luxembourg-based crypto exchange known for its strong institutional footprint and deep regulatory compliance across Europe and Asia.
The deal brings Robinhood over 50 new licenses, plus exposure to Bitstamp’s client base—roughly 5,000 institutions and 50,000 retail users.
Most of Bitstamp’s trading volume comes from institutional activity, a segment Robinhood has been keen to grow.
Robinhood Buys Bitstamp for $200 Million
Initially announced in June 2024, the deal signals a major step in Robinhood’s global crypto ambitions.
Bitstamp pulled in $95 million in revenue over the past year, which is small compared to Robinhood Crypto’s $252 million in Q1 2025 alone, but valuable in reach and regulatory leverage.
Bitstamp is already being integrated into Robinhood’s infrastructure, including its Legend custody platform and Smart Exchange Routing engine.
The company expects about $65 million in related expenses for the remainder of 2025.
M&A as a Gateway to Global Markets
Robinhood isn’t stopping with Europe. In May, it also announced plans to acquire WonderFi, a leading Canadian crypto company, in a deal worth around $179 million.
WonderFi owns Bitbuy and Coinsquare, two Canadian trading platforms that saw C$3.5 billion in combined volume last year—a 28% increase from the year before.
The acquisition could give Robinhood a fast track into the Canadian market, avoiding the regulatory roadblocks that have hampered other U.S. platforms.
Robinhood Crypto chief Johann Kerbrat said WonderFi offers a strong product lineup that works for both new users and sophisticated traders, making it an ideal fit.
These deals follow a broader wave of crypto M&A in 2025, including Coinbase’s $2.9 billion purchase of Deribit and Ripple’s $1.25 billion acquisition of prime brokerage firm Hidden Road.
Robinhood’s Big Bet on Tokenization
Alongside its global expansion, Robinhood is also pushing to shape the future of digital asset regulation in the U.S.
The company recently submitted a 42-page proposal to the Securities and Exchange Commission (SEC) calling for a unified, federal framework to govern tokenized real-world assets (RWAs).
Robinhood also pitched the idea of a Real World Asset Exchange (RRE), which would combine off-chain order matching with on-chain settlement for better speed and transparency.
