Robinhood
Markets shares (NASDAQ: HOOD) soared to their highest level in four years on
Tuesday, buoyed by investor enthusiasm following the company’s completed
acquisition of cryptocurrency exchange Bitstamp.
Robinhood Stock Hits
Four-Year High After Bitstamp Acquisition
The stock
climbed 5.5% on the Nasdaq, closing at $71.72, its strongest finish since 2021
and just below the all-time highs set shortly after Robinhood’s initial public
offering. Intraday, the shares touched $72.72 as trading volumes surged.
Today in
pre-market trading, the share price is also posting a modest gain, rising 0.25%
to $71.90.
Robinhood finalized
the Bitstamp deal late Monday, marking a significant expansion of its
crypto business. The acquisition grants Robinhood access to over 50 active
licenses and a broad customer base across the European Union, United Kingdom,
United States, and parts of Asia. The move also brings Robinhood into the
institutional crypto market for the first time, broadening its offerings beyond
retail investors.
“The
acquisition of Bitstamp is a major step in growing our crypto business.
Bitstamp’s highly trusted and long-standing global exchange has shown
resilience through market cycles,” Johann Kerbrat, General Manager of Robinhood
Crypto, commented. “By seamlessly coupling customer experience with safety
across geographies, the Bitstamp team has established one of the strongest
reputations across retail and institutional crypto investors.”
Bitstamp is now part of Robinhood, adding a globally-scaled crypto exchange and our first-ever institutional crypto business.
Our work is just beginning. https://t.co/VDjGS1KuBb— Vlad Tenev (@vladtenev) June 2, 2025
Bitstamp Purchase Details
The
acquisition comes as Robinhood’s financial performance continues to outpace
broader market trends. The brokerage reported that first-quarter profit more
than doubled from a year earlier, driven by a 77% surge in revenue from
customer trades. Robinhood shares have now advanced over 90% since the start of
the year, defying wider market volatility .
Bitstamp,
founded in 2011, is recognized for its deep order books, robust API
infrastructure, and a suite of institutional services including
crypto-as-a-service, lending, and staking.
“Bringing
Bitstamp’s platform and expertise into Robinhood’s ecosystem will give users an
enhanced trading experience with a continuing commitment to compliance,
security, and customer-centricity,” JB Graftieaux, CEO of Bitstamp, added.
The
Bitstamp deal is expected to further solidify Robinhood’s position in the
fast-evolving digital asset landscape, as the company continues to diversify
its offerings and expand internationally.
Why Is Robinhood Stock Up
Today?
Robinhood’s
stock surged today primarily due to the completion of its acquisition of
Bitstamp, a move that significantly expands the company’s presence in the
global and institutional cryptocurrency markets. Investors responded positively
to the news, sending shares up 5.5% to close at $71.72, their highest level
since 2021. The acquisition provides Robinhood with over 50 crypto licenses and
access to a broad customer base across multiple continents, positioning the
company to capitalize on growing demand for digital asset trading.
The rally
also reflects broader momentum in the cryptocurrency sector, with digital
assets like Bitcoin recently reaching record highs. Robinhood has benefited
from this resurgence, as increased trading activity has driven strong revenue
growth and helped the company recover from previous stock declines following
its IPO. Analysts have highlighted Robinhood’s ability to attract a new
generation of users and its ongoing expansion into new markets, such as Canada,
through additional acquisitions.
Robinhood
Markets shares (NASDAQ: HOOD) soared to their highest level in four years on
Tuesday, buoyed by investor enthusiasm following the company’s completed
acquisition of cryptocurrency exchange Bitstamp.
Robinhood Stock Hits
Four-Year High After Bitstamp Acquisition
The stock
climbed 5.5% on the Nasdaq, closing at $71.72, its strongest finish since 2021
and just below the all-time highs set shortly after Robinhood’s initial public
offering. Intraday, the shares touched $72.72 as trading volumes surged.
Today in
pre-market trading, the share price is also posting a modest gain, rising 0.25%
to $71.90.
Robinhood finalized
the Bitstamp deal late Monday, marking a significant expansion of its
crypto business. The acquisition grants Robinhood access to over 50 active
licenses and a broad customer base across the European Union, United Kingdom,
United States, and parts of Asia. The move also brings Robinhood into the
institutional crypto market for the first time, broadening its offerings beyond
retail investors.
“The
acquisition of Bitstamp is a major step in growing our crypto business.
Bitstamp’s highly trusted and long-standing global exchange has shown
resilience through market cycles,” Johann Kerbrat, General Manager of Robinhood
Crypto, commented. “By seamlessly coupling customer experience with safety
across geographies, the Bitstamp team has established one of the strongest
reputations across retail and institutional crypto investors.”
Bitstamp is now part of Robinhood, adding a globally-scaled crypto exchange and our first-ever institutional crypto business.
Our work is just beginning. https://t.co/VDjGS1KuBb— Vlad Tenev (@vladtenev) June 2, 2025
Bitstamp Purchase Details
The
acquisition comes as Robinhood’s financial performance continues to outpace
broader market trends. The brokerage reported that first-quarter profit more
than doubled from a year earlier, driven by a 77% surge in revenue from
customer trades. Robinhood shares have now advanced over 90% since the start of
the year, defying wider market volatility .
Bitstamp,
founded in 2011, is recognized for its deep order books, robust API
infrastructure, and a suite of institutional services including
crypto-as-a-service, lending, and staking.
“Bringing
Bitstamp’s platform and expertise into Robinhood’s ecosystem will give users an
enhanced trading experience with a continuing commitment to compliance,
security, and customer-centricity,” JB Graftieaux, CEO of Bitstamp, added.
The
Bitstamp deal is expected to further solidify Robinhood’s position in the
fast-evolving digital asset landscape, as the company continues to diversify
its offerings and expand internationally.
Why Is Robinhood Stock Up
Today?
Robinhood’s
stock surged today primarily due to the completion of its acquisition of
Bitstamp, a move that significantly expands the company’s presence in the
global and institutional cryptocurrency markets. Investors responded positively
to the news, sending shares up 5.5% to close at $71.72, their highest level
since 2021. The acquisition provides Robinhood with over 50 crypto licenses and
access to a broad customer base across multiple continents, positioning the
company to capitalize on growing demand for digital asset trading.
The rally
also reflects broader momentum in the cryptocurrency sector, with digital
assets like Bitcoin recently reaching record highs. Robinhood has benefited
from this resurgence, as increased trading activity has driven strong revenue
growth and helped the company recover from previous stock declines following
its IPO. Analysts have highlighted Robinhood’s ability to attract a new
generation of users and its ongoing expansion into new markets, such as Canada,
through additional acquisitions.
This post is originally published on FINANCEMAGNATES.
