Robinhood to Launch Crypto Services in Singapore by 2025
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…
