Robinhood Markets Inc. is planning to extend its crypto services in Singapore later this year. According to Bloomberg’s report, the U.S.-based financial platform intends to enter the Singapore market through a new entity connected to Bitstamp, a European digital assets exchange that it acquired for $200 million in June 2024.
The company wants to start this service after it finalizes the acquisition of Bitstamp in the first half of 2025, pending regulatory approval.
Johann Kerbrat, Vice President and General Manager of Robinhood Crypto, said that Bitstamp’s licenses in Singapore were one of the reasons it decided to buy the company
“Part of the reason why Bitstamp was attractive was because of their licenses with Singapore, in addition to its institutional business,” Kerbrat explained in an interview with Bloomberg.
Meanwhile, Singapore has emerged as a big center for digital assets. The country is attracting crypto firms that are looking to operate in a friendly regulatory environment.
Right now, it is competing with Hong Kong, which is also another hub for crypto and blockchain business.
Robinhood wants to expand to Singapore to take advantage of the growing demand for cryptocurrencies in Asia. The company is also expanding to other parts of the globe, having started trading in crypto in Europe in 2023. It started offering equity options trading for customers in the UK early this year, 2025.
Robinhood’s acquisition of Bitstamp enables it to be licensed in numerous European nations such as Italy, Spain, and France. Through this, Robinhood is in a position to provide its services in additional locations and not only in Singapore. The firm seeks to give a full range of financial products, including conventional as well as digital assets.
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