James Yaro's questions to Robinhood Markets Inc (HOOD) leadership • Q1 2025
Question
In a follow-up, James Yaro from Goldman Sachs asked how the Bitstamp acquisition could impact crypto order routing, internalization, and the retail crypto take rate once the deal closes.
Answer
CEO Vladimir Tenev expressed excitement about the deal, which is on track to close mid-year. While not front-running specific announcements, he highlighted that Bitstamp provides a significant opportunity in the institutional space and accelerates their global presence. He stated that Bitstamp will play a role in providing customers with choice and a great execution experience, giving them another lever for active traders.