Robinhood Plans Crypto Launch in Singapore by 2025

Robinhood is set to launch its crypto offerings in Singapore by late 2025, following its acquisition of the European exchange Bitstamp for $200 million. This move is a strategic expansion into the Asia-Pacific region, leveraging Singapore's regulatory environment and its growing digital asset market. The acquisition of Bitstamp, which holds key licenses from the Monetary Authority of Singapore, will facilitate Robinhood's entry and enable it to offer digital payment token services. As Robinhood aims to compete with established firms like Binance and Coinbase, it plans to use Singapore as its base for serving customers across Asia. The company's broader international strategy includes recent successes in Europe and new product offerings in the UK, underscoring its ambitions beyond the U.S. market. Overall, this initiative highlights Robinhood's commitment to capitalizing on the increasing interest in cryptocurrency and fintech innovation in Asia.