Robinhood is set to launch cryptocurrency offerings in Singapore in 2025 through European digital asset exchange Bitstamp, which it acquired for $200 million in June 2024.
Robinhood to Launch Crypto Products in Singapore in 2025 Through Bitstamp
The move is part of Robinhood’s broader strategy to expand in the Asia-Pacific region and capitalize on Singapore’s growing status as a crypto hub.
According to Johann Kerbrat, vice president and general manager of Robinhood Crypto, the company aims to offer its services with regulatory approval by late 2025, although an exact launch date has not yet been set.
Singapore’s Crypto-Friendly Regulations Attract Robinhood
Singapore is actively positioning itself as a leading location for digital asset innovation, competing with Hong Kong through dedicated regulatory frameworks and tokenization initiatives.
Robinhood’s purchase of Bitstamp was partly motivated by the exchange’s existing licenses in Singapore, which facilitate regulatory compliance.
“One of the reasons Bitstamp was attractive was their license in Singapore, in addition to their institutional business,” Kerbrat said. Bitstamp had previously received in-principle approval from the Monetary Authority of Singapore, paving the way for Robinhood’s entry.
The Bitstamp deal is expected to close in the first half of 2025, with Robinhood’s crypto products expected to launch a few months later, pending regulatory approval.
Beyond Singapore, Bitstamp has licenses in several European Union countries, including Italy, Spain, the Netherlands, and France. Robinhood is also looking to acquire brokerage licenses in the Asia-Pacific region as part of its growth strategy.
*This is not investment advice.
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