Robinhood Plans Singapore Crypto Launch Following Bitstamp Acquisition

The trading platform aims to expand its global footprint with new crypto services in Singapore by late 2025, leveraging Bitstamp's licenses and regulatory approvals.

• Robinhood intends to launch crypto products in Singapore by late 2025, pending the completion of its $200 million acquisition of Bitstamp in the first half of the year.
• Bitstamp's licenses, including an in-principle license from Singapore's Monetary Authority, were key factors in the acquisition.
• Singapore will serve as Robinhood's Asia-Pacific hub as part of its broader global expansion strategy, which includes pursuing brokerage licenses in the region.
• Robinhood reported a 700% increase in crypto trading revenue in Q4 2024, contributing to its record $1 billion quarterly revenue.
• The company aims to capitalize on Singapore's growing role as a digital assets hub and increasing institutional interest in cryptocurrency.

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