Robinhood Markets, Inc. has officially closed its acquisition of the world’s longest-operating cryptocurrency exchange, Bitstamp, in a $200 million cash deal. Announced on June 2, the acquisition marks a pivotal moment in Robinhood’s expansion beyond the United States and signifies its growing ambitions in the digital asset space.

This strategic acquisition brings Robinhood over 50 regulatory licenses and registrations and positions it to serve institutional and retail crypto clients across Europe, the UK, and Asia. The move follows its recent announcement of a planned acquisition of Canadian crypto platform WonderFi for approximately $179 million, signalling an aggressive international growth strategy.

Bitstamp Deal Expands Global Reach

Founded in 2011, Bitstamp has long held a reputation as a trusted crypto exchange with a strong focus on institutional clients. With over 5,000 institutional partners and 50,000 retail customers, Bitstamp has generated significant traction in markets outside the United States. The majority of its trading volume originates from its institutional clientele, a demographic Robinhood has been eager to penetrate.

Source: Bitstamp

The $200 million cash deal adds immediate credibility and infrastructure to Robinhood’s crypto division. In the last 12 months ending April 30, Bitstamp reported $95 million in revenue. In comparison, Robinhood’s crypto business alone brought in $252 million in the first quarter of 2025, highlighting the scale and potential synergy between the two platforms.

Robinhood’s statement emphasised the deal’s strategic value: “This acquisition significantly expands Robinhood’s crypto footprint beyond the U.S. into key global markets including Europe, the UK and Asia.”

Integration is already underway, with Bitstamp now linked to Robinhood Legend the company’s institutional crypto platform and its Smart Exchange Routing system, further enhancing the efficiency and reach of its services.

WonderFi Acquisition Strengthens Canadian Presence

In addition to the Bitstamp deal, Robinhood recently agreed to acquire WonderFi, a Canadian crypto platform, for approximately $179 million. Announced on May 13, the move is part of Robinhood’s broader plan to solidify its presence in Canada’s digital asset market.

While the WonderFi acquisition is still pending regulatory approval, it highlights the company’s intent to become a dominant player in North American crypto trading. Robinhood Crypto general manager Johann Kerbrat commented on the company’s acquisition strategy, stating, “If we can find a way to accelerate by at least 18 months or two years, and we have a lot of great reason to believe this is a great acquisition, it’s something that we’ll definitely look at.”

Robinhood’s appetite for expansion could mean additional acquisitions in the near future, particularly if they offer significant technological or regulatory advantages.

Robinhood Eyes Tokenisation as the Next Frontier

Looking ahead, Robinhood is shifting its focus towards one of the crypto industry’s most promising use cases: real-world asset tokenisation. CEO Vladimir Tenev highlighted this vision during the company’s Q1 earnings call, stating that tokenising private equities could be a “huge unlock” for both individual and institutional investors.

Source: Vladimir Tenev

By enabling fractional ownership and faster transactions, tokenisation could transform access to traditionally illiquid assets like shares in private tech giants such as OpenAI and SpaceX. Tenev believes this will “unlock a ton of economic value for the crypto industry in the US.”

This pivot toward tokenisation reflects Robinhood’s ambition to move beyond trading into infrastructure-level innovations that could reshape capital markets.

Market Reaction and Financial Outlook

Robinhood’s aggressive expansion strategy has been well-received by investors. Shares of Robinhood (HOOD) closed June 2 trading up 2.77% to $67.98, with an additional 0.44% rise in after-hours trading, according to Google Finance.

However, these acquisitions come with financial considerations. Robinhood expects to incur approximately $65 million in Bitstamp-related costs over the remaining seven months of 2025. While this represents a short-term expense, the long-term revenue potential from expanded global operations and new product offerings is likely to outweigh the initial investment.

Robinhood’s $200 million acquisition of Bitstamp, coupled with its planned purchase of WonderFi, marks a defining moment in its transformation from a US-based trading app into a global crypto powerhouse. With a strengthened institutional offering, a growing international footprint, and an eye on the future of tokenisation, Robinhood is positioning itself at the forefront of the next phase of crypto evolution.