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 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.