In June 2025, Robinhood Markets Inc. completed its $200 million acquisition of Bitstamp Ltd., a global cryptocurrency exchange. (Source: Reuters, June 6, 2024) This strategic move expanded Robinhood's crypto capabilities and entered the institutional market.
Bitstamp, established in 2011, operates globally with over 50 licenses. The acquisition provided Robinhood with an institutional client base and advanced trading tools. (Source: Reuters, June 6, 2024)
Following the acquisition, Robinhood's stock reached an all-time high of $72.72. New features included stock "tokens" for European users and the AI-enhanced Cortex Digests tool. (Source: Reuters, June 6, 2024)