PANews reported on June 3 that Robinhood announced the completion of its $200 million cash acquisition of cryptocurrency exchange Bitstamp . The transaction enabled Robinhood to obtain more than 50 global cryptocurrency licenses and enter the institutional client market for the first time, expanding to Europe, the United Kingdom and Asia. Bitstamp was founded in 2011 and serves more than 5,000 institutional clients and 50,000 retail users. Robinhood expects to record approximately $65 million in related costs in the remaining seven months of 2025. Bitstamp's trading platform has been integrated into Robinhood Legend and the smart order routing system. Robinhood said the acquisition will accelerate the expansion of its global crypto business and enhance its competitiveness in institutional crypto services.