Robinhood’s Acquisition of Bitstamp Expands Its Global Reach: Architect Partners

Robinhood’s acquisition of Bitstamp has been hailed as a strategic move that expands the trading platform’s global reach, according to investment bank Architect Partners. Despite the recent Wells Notice from the SEC, Robinhood is actively growing its digital assets business. In the first quarter of 2024, crypto accounted for 20% of the company’s total revenue. The acquisition of Bitstamp not only allows Robinhood to participate globally but also enhances its institutional offering. Architect Partners sees Bitstamp as a valuable asset due to its long operational history and global licensing reach. The $200 million cash deal also represents a significant discount compared to Bitstamp’s previous $500 million valuation in 2018.