Robinhood concludes Bitstamp

Robinhood Markets, Inc. (“Robinhood”) has the takeover of Bitstamp Ltd. (“Bitstamp”), successfully completed. That goes from one Press release from Robinhood emerged.

This acquisition brings Bitstampps to Robinhood worldwide worldwide and expands the offer for private and institutional customers in the EU, Great Britain, the USA and Asia.

Strategic importance of the takeover

The takeover marks a crucial step for Robinhood to strengthen its presence outside the USA and to include a trustworthy institutional business in the portfolio. Bitstamp, founded in 2011, has offices in Luxembourg, Great Britain, Slovenia, Singapore and the USA. With over 50 active licenses and registrations worldwide, the platform brings an established customer base from different regions to Robinhood.

Presale benefits from the Snorter Trading now.

Expansion of the crypto business

The acquisition significantly accelerates the global expansion of Robinhood Crypto. BITSTAMP has been a trustworthy contact point for institutional customers for 14 years and offers reliable trade execution, deep order books and industry-leading API connectivity. In addition, the offer includes services such as crypto-as-a-service, institutional lending and staking. With this takeover, Robinhood enters the institutional crypto market with an established and respected business.

The core business of Bitstamp, the Spot exchange, complements Robinhood's crypto product portfolio and offers customers an improved trade experience worldwide.

Get into the Snort Presale now.

Voices to take over

“The takeover of BISTAMP is a significant step in the further development of our crypto business. Bitstamp has proven resistance as a long-term global stock exchange. Due to the seamless combination of customer experience and security across different regions, the Bitstamp team has built one of the strongest reputations in private and institutional crypto investors,” said Johann Kerbrat, General Manager of Robinhood Crypto.

“With this strategic combination, we are better positioned to expand our presence outside the USA and to welcome institutional customers to Robinhood.”

JB Graftieaux, CEO of BISTAMP, added: “As the world's oldest cryptocurrency exchange, Bitstamp is known for its trustworthiness and transparency. By integrating the platform and expertise from BISTAMP into the ecosystem from Robinhood, users receive an improved trading experience with the same focus on compliance, security and customer orientation.”

Presale benefits from the Snorter Trading now.

Cooperation and future prospects

With the takeover, the Bitstamp team becomes part of Robinhood, which promotes cooperation, innovation and the exchange of knowledge across continents. Customers of both companies can still expect the usual service, maximum security standards and reliability.

The takeover strengthens Robinhood's position in the global cryptom market and opens up new opportunities for private and institutional investors worldwide.

Get into the Snort Presale now.