Robinhood Markets, Inc. (NasdaqGS:HOOD) entered into an agreement to acquire Bitstamp Limited for approximately $200 million on June 6, 2024. Robinhood expects the final deal consideration to be approximately $200 million in cash, subject to customary purchase price adjustments. The acquisition is subject to customary closing conditions, including regulatory approvals, and is expected to close in the first half of 2025.

Barclays Capital Inc. served as exclusive financial advisor to Robinhood. Galaxy Digital Partners LLC served as exclusive financial advisor to Bitstamp.