US -based brokerage firm Robin Hood has officially acquired Luxembourg Headquarters Crypto Exchange Bit Stamp. In an announcement published on June 2, Robin Hood said he paid $ 200 million (about Rs 1,709 crore) in cash to complete the acquisition. With this, Robin Hood has now added more than 50 licenses to Bit Stamp to his network. Robin Hood Crypto general manager Johan Kerbert spoke for the first time about a plan to get a bit stamp during an interview to the Wall Street Journal.
The Butt Stamp was founded in 2011 and was considered as the world’s longest -driven crypto exchange. Its offices are located in Singapore, Slovenia, the United Kingdom as well as the United States. Robin Hood plans to use Bit Stamp resources to offer institutional investors, Robin Hood’s CEO and co -founder, Vlad TNEV, indicated on X.
“Butt Stamp is now part of Robin Hood, which includes a global Scale Crypto Exchange and our first company Crypto Business. Our work is just starting.”
Bit Stamp is now a part of Robin Hood, which includes a global scale Crypto Exchange and our first institutional crypto business.
Our work has just begun. https://t.co/vdjgs1kubb
– Vlad Tanio (@Vladetnio) June 2, 2025
Following the announcement, Bit Stamp made his name “Butt Stamp By Rubin Hood” on various online platforms, including X.
In an official blog post, Butt Stamp said that “the implementation of its reliable trade, deep -order books and industry’s leading API contacts and proposals, such as a crypto, has been trusted for 14 years for stacking, and has been relying on a recession with a trustworthy business.”
Bit Stamp is now part of it @Robin Hood App
Together, we are connecting 14 years of reliable crypto skills with Robin Hood’s global vision.
More here: Point_down: https: //t.co/Po2nxe971c
– Robin Hood (@Bit Stamp) by Bit Stamp June 2, 2025
Key highlights on acquisition
On June 2, Robin Hood published some important details about the acquisition of the Butt Stamp and its investor community.
The US firm revealed that by April 30, 2025, the bit stamp is meeting more than 500,000 retail and more than 5,000 funded companies. By April 30, Bit Stamp’s annual revenue was around $ 95 million (about 81 811 crores).
“In 2025, for the remaining seven months of the year, Robin Hood expects him to record the cost of about $ 65 million (about $ 5555 million) in Bit Stamp costs. These costs are almost addicated all adjustable operating costs and is primarily operating through business works, with some of the expenses. After the edition.
Robin Hood will now integrate the Bit Stamp infrastructure into its services and offers.
Bit Stamp CEO JB Graftiax Commenting on the development said, “Bringing Bit Stamp’s platform and expertise to Robin Hood’s ecosystem will give users a better commercial experience with compliance with compliance, security and customer’s centrality.”
Robin Hood’s crypto trading service faced legal challenges with the US SEC last year for violating US security laws. However, after Donald Trump’s return to the White House as the 47th US president, the SEC closed its investigation into Robin Hood and did not take any action.
(This story has not been edited by the NDTV staff and has been made auto from the Syndicate Fed.)
