The $200 million acquisition is anticipated to conclude in the first half of 2025.
The acquisition hinges on regulatory approval and customary conditions for closure.
Robinhood Markets, Inc. has announced its agreement to
acquire Bitstamp Ltd, a global cryptocurrency exchange. Founded in 2011,
Bitstamp operates offices in Luxembourg, the UK, Slovenia, Singapore, and the
US.
The acquisition is expected to expedite Robinhood Crypto's
global expansion. Bitstamp holds over 50 active licenses and registrations
worldwide, attracting customers from the EU, UK, US, and Asia to Robinhood's
platform.
Entering Institutional Crypto Realm
This acquisition marks Robinhood's venture into the
institutional business, leveraging Bitstamp's reputation for reliable trade
execution, deep order books, and leading API connectivity. Bitstamp's
institutional offerings, including white label solution Bitstamp-as-a-service,
institutional lending, and staking, will provide Robinhood with established
relationships and industry-leading products.
JB Graftieaux, CEO of Bitstamp, Source: LinkedIn
Bitstamp's core spot exchange offers over 85 tradable
assets, along with products like staking and lending, which will enhance
Robinhood's Crypto offering.
“As the world’s longest running cryptocurrency exchange,
Bitstamp is known as one of the most-trusted and transparent crypto platforms
worldwide,” said JB Graftieaux, CEO of Bitstamp.
“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.”
Pending Regulatory Green Light
Johann Kerbrat, General Manager of Robinhood Crypto, Source: LinkedIn
The final deal consideration is expected to be approximately
$200 million in cash, subject to customary purchase price adjustments. The
acquisition is pending regulatory approvals and other closing conditions, with
a projected completion in the first half of 2025. Barclays Capital Inc. acted
as the exclusive financial advisor to Robinhood, while Galaxy Digital Partners
LLC advised Bitstamp.
“By seamlessly coupling customer
experience with safety across geographies, the Bitstamp team has established
one of the strongest reputations across retail and institutional crypto
investors," said Johann Kerbrat, General Manager of Robinhood Crypto.
“Through this strategic combination, we are better positioned to expand our
footprint outside of the US and welcome institutional customers to Robinhood.”
Robinhood Markets, Inc. has announced its agreement to
acquire Bitstamp Ltd, a global cryptocurrency exchange. Founded in 2011,
Bitstamp operates offices in Luxembourg, the UK, Slovenia, Singapore, and the
US.
The acquisition is expected to expedite Robinhood Crypto's
global expansion. Bitstamp holds over 50 active licenses and registrations
worldwide, attracting customers from the EU, UK, US, and Asia to Robinhood's
platform.
Entering Institutional Crypto Realm
This acquisition marks Robinhood's venture into the
institutional business, leveraging Bitstamp's reputation for reliable trade
execution, deep order books, and leading API connectivity. Bitstamp's
institutional offerings, including white label solution Bitstamp-as-a-service,
institutional lending, and staking, will provide Robinhood with established
relationships and industry-leading products.
JB Graftieaux, CEO of Bitstamp, Source: LinkedIn
Bitstamp's core spot exchange offers over 85 tradable
assets, along with products like staking and lending, which will enhance
Robinhood's Crypto offering.
“As the world’s longest running cryptocurrency exchange,
Bitstamp is known as one of the most-trusted and transparent crypto platforms
worldwide,” said JB Graftieaux, CEO of Bitstamp.
“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.”
Pending Regulatory Green Light
Johann Kerbrat, General Manager of Robinhood Crypto, Source: LinkedIn
The final deal consideration is expected to be approximately
$200 million in cash, subject to customary purchase price adjustments. The
acquisition is pending regulatory approvals and other closing conditions, with
a projected completion in the first half of 2025. Barclays Capital Inc. acted
as the exclusive financial advisor to Robinhood, while Galaxy Digital Partners
LLC advised Bitstamp.
“By seamlessly coupling customer
experience with safety across geographies, the Bitstamp team has established
one of the strongest reputations across retail and institutional crypto
investors," said Johann Kerbrat, General Manager of Robinhood Crypto.
“Through this strategic combination, we are better positioned to expand our
footprint outside of the US and welcome institutional customers to Robinhood.”
X Open Hub’s CEO, Michal Copiuk, on the developments of AI
X Open Hub’s CEO, Michal Copiuk, on the developments of AI
CySEC’s Chairman, Dr George Theocharides, speaking at the iFX EXPO International 2024
CySEC’s Chairman, Dr George Theocharides, speaking at the iFX EXPO International 2024
CySEC’s Chairman, Dr George Theocharides, speaking at the iFX EXPO International 2024
CySEC’s Chairman, Dr George Theocharides, speaking at the iFX EXPO International 2024
FX and CFDs in Africa: Key Industry Trends | FMAS:24
FX and CFDs in Africa: Key Industry Trends | FMAS:24
As Africa joins the global financial markets, its unique economy fuels forex and CFD trading innovation. Discover growth drivers: tech advancements, regulations, and increased financial education for African traders. See how these factors enhance trading accessibility, transparency, financial inclusion, and opening new investment opportunities. Learn about the digital transformation's impact on trading –the role of technology, social platforms, and automated systems in democratizing market access.
SPEAKER: Christoforos Panagiotou, Africa Regional Manager at Fxview @Fxview
#fmas #fmas24 #fmevents #financemagnates #fintech #technology #onlinetrading #forex #investing #investors
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!
As Africa joins the global financial markets, its unique economy fuels forex and CFD trading innovation. Discover growth drivers: tech advancements, regulations, and increased financial education for African traders. See how these factors enhance trading accessibility, transparency, financial inclusion, and opening new investment opportunities. Learn about the digital transformation's impact on trading –the role of technology, social platforms, and automated systems in democratizing market access.
SPEAKER: Christoforos Panagiotou, Africa Regional Manager at Fxview @Fxview
#fmas #fmas24 #fmevents #financemagnates #fintech #technology #onlinetrading #forex #investing #investors
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!
Asset Allocation & Trading in a Lower Interest Rate Environment | FMAS:24
Asset Allocation & Trading in a Lower Interest Rate Environment | FMAS:24
Traditional investment paradigms shift in a lower interest rate environment, compelling investors to reassess their asset allocation and trading strategies. This scenario prioritizes diversification beyond conventional bonds and equities. Investors should adapt by seeking assets with the potential for higher yields, considering global markets, and employing dynamic trading strategies that leverage short-term market fluctuations, all while managing risk more meticulously to safeguard returns.
SPEAKER: Roger Eskinazi, Managing Partner at Tickmill South Africa
#fmas #fmas24 #fmevents #financemagnates #fintech #technology #onlinetrading #forex #investing #investors
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!
Traditional investment paradigms shift in a lower interest rate environment, compelling investors to reassess their asset allocation and trading strategies. This scenario prioritizes diversification beyond conventional bonds and equities. Investors should adapt by seeking assets with the potential for higher yields, considering global markets, and employing dynamic trading strategies that leverage short-term market fluctuations, all while managing risk more meticulously to safeguard returns.
SPEAKER: Roger Eskinazi, Managing Partner at Tickmill South Africa
#fmas #fmas24 #fmevents #financemagnates #fintech #technology #onlinetrading #forex #investing #investors
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!