Robinhood has officially announced the acquisition of Bitstamp, one of Europe’s longest-standing digital asset exchanges.
The $200 million all-cash deal, completed without changes from its 2024 agreement, gives Robinhood access to over 50 regulatory licenses and a solid user base across the UK, Europe, and Asia.
Bitstamp, which brings in most of its volume from institutional activity, currently serves 5,000 large clients alongside 50,000 retail users. While Robinhood’s crypto division earned $252 million in just Q1 2025, Bitstamp contributed $95 million over the past year. The integration is already underway, with Bitstamp’s system now linked to Robinhood’s internal infrastructure, including its Legend and Smart Exchange Routing tools.
In addition to the Bitstamp acquisition, Robinhood recently announced a separate deal to purchase Canadian crypto firm WonderFi for $179 million, reinforcing its intent to grow beyond U.S. borders.
Despite the international push, Robinhood’s ambitions aren’t limited to geographical expansion. CEO Vladimir Tenev sees tokenization of real-world assets as the company’s next frontier. Speaking during the firm’s earnings call, he said private equity tokenization could transform secondary markets by making traditionally illiquid shares—such as those in OpenAI or SpaceX—accessible within minutes.
Kerbrat, head of Robinhood Crypto, hinted at more acquisitions ahead, noting that accelerating growth by up to two years through smart deals remains a strategic priority.
Robinhood stock closed 2.77% higher on June 2, with modest gains in after-hours trading, as investors reacted to the company’s widening crypto ambitions.
Investor and entrepreneur Anthony Pompliano is rolling his private outfit, ProCap BTC LLC, into blank-check firm Columbus Circle Capital to form ProCap Financial, a new Nasdaq-listed business built around Bitcoin.
FTX’s legal team has moved to dismiss a $1.53 billion claim filed by Three Arrows Capital (3AC), calling it an exaggerated and baseless attempt to recover losses from risky trading.
FTX’s liquidators have filed a strong objection to a multi-billion-dollar claim by failed hedge fund Three Arrows Capital (3AC), arguing the request is based on exaggerated and misleading figures.
Veteran investor Jeffrey Gundlach is signaling a major turning point in global capital flows, suggesting that the era of U.S. market dominance may be drawing to a close.