Robinhood Snags $200M in Crypto Deal – Because Why Not?

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Robinhood’s Crypto Dreams Just Got a Whole Lot Bigger (And Slightly Less Basic) 🚀

Hold onto your digital wallets, folks! Robinhood just dropped $200 million (yes, with a “M”) to buy Bitstamp, the OG crypto exchange that’s been around since the Stone Age — I mean, 2011. Because who doesn’t want a piece of the oldest, most-trusted crypto pie? 🍰

Apparently, Robinhood is now officially the proud owner of a platform that’s served over 5,000 institutional clients and 50,000 retail peeps. Basically, Robinhood just flexed its muscles in the international crypto arena, including Europe, the UK, and even Asia (hi, Global Domination 101!).

Bitstamp is now part of @RobinhoodApp

Combining 14 years of “trust me, I know crypto” with Robinhood’s “we’re taking over the world” vibe. Because who needs borders? 🌍

More here 👇

— Bitstamp by Robinhood (@Bitstamp) June 2, 2025

Robinhood’s big splash means snagging over 50 licenses worldwide, so they’re basically one step closer to being the Gandalf of crypto – “You shall not pass…up on this opportunity.”

For those counting, Bitstamp made about $95 million last year (ahem, pocket change compared to Robinhood’s $252 million in Q1 — working smart, not hard). Now Robinhood’s planning to toss in around $65 million over the rest of 2025 to make this all work. Cheers to corporate math! 🥂

This move gets Robinhood real serious about the institutional crypto game, with services like lending, staking, and all that jazz. It’s like Robinhood just switched from kid-friendly swing set to the big kid’s jungle gym — and it’s loving it.

“Bitstamp is basically the trusted grandma of crypto exchanges, still going strong after all these years,” said JB Graftieaux, CEO of Bitstamp — probably proud, probably tired.

Plus, Robinhood recently scooped up another Canadian crypto platform, WonderFi, for roughly $179 million. Because if you’re gonna go big, go really, really big. 🥳

Shares of Robinhood (HOOD) closed at $67.98, up almost 3%. So, yeah, it’s safe to say Robinhood’s not just playing anymore — it’s here to take over the crypto playground.

In conclusion: Robinhood is no longer just “that app for stocks and snacks.” It’s now a crypto empire, and frankly, we should all be a little scared — I mean impressed. 😉

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2025-06-03 06:29