Bitstamp by Robinhood, a globally trusted and the longest-running crypto exchange, has achieved a license under the Monetary Authority of Singapore (MAS). The milestone serves as an official expansion in the Asia Pacific (APAC) region where Bitstamp is determined to provide safe, compliant, and institutional-grade crypto solutions.
Having its history since 2011, Bitstamp has earned a reputation of stability, openness, and adhering to regulations. According to a recent blog post, with its new MAS license, the platform will have a better position to serve institutional and retail customers in Singapore and neighboring markets and have access to global liquidity, state-of-the-art trading infrastructure, and safe custodial facilities.
Complete with quick fiat on- and off-ramps, deep liquidity and a matching engine powered by Nasdaq, the platform has had ISO/IEC 27001 and SOC 2 Type 2 certifications. And it also uses strict international standards and it has an uptime of 99.9% without interruptions.
The growth comes after Robinhood recently bought Bitstamp in a deal worth 200 Million, entrenching the platform in Europe and the UK and currently in Asia. APAC is run by a team located in Singapore and will offer locally dedicated support and market knowledge.
By making this step, Bitstamp by Robinhood is going to set a new level of crypto trading in the region, as it is going to provide a platform with a local presence and a global reputation.
As Bitstamp by Robinhood deepens its roots in Asia, Ripple’s continued investment in academic talent and blockchain infrastructure reinforces APAC’s position as a global leader in fintech, regulation, and distributed ledger innovation.
Also Read: Binance to Retain Staff in Singapore Despite Regulatory Crackdown
