Robinhood is set to expand its cryptocurrency services into Singapore by late 2025, leveraging its acquisition of Bitstamp, a European exchange it purchased for $200 million in June 2024. This move marks another step in Robinhood’s global expansion strategy, according to Johann Kerbrat, head of the company’s crypto division.
While the launch timeline is not yet finalized, the company expects to complete the acquisition in the first half of the year.
Singapore: A Key Battleground for Crypto Dominance
With both Singapore and Hong Kong vying to become Asia-Pacific’s leading digital asset hub, Robinhood’s decision to enter the Singapore market is strategic. The region’s dedicated regulatory framework has attracted global players, and Bitstamp’s licensing in Singapore played a role in Robinhood’s decision to acquire the exchange.
Regulatory Approvals and Market Expansion
In March 2024, Bitstamp secured in-principle approval from the Monetary Authority of Singapore (MAS), enabling it to offer digital payment token services under Singapore’s Payment Services Act. Beyond Singapore, Bitstamp also holds licenses across key European markets, including Italy, Spain, the Netherlands, and France.
A Growing Footprint in Asia and Beyond
Robinhood has been actively expanding its global trading operations. In December, it announced plans to establish its broader trading businesses in Asia, with Singapore as its regional headquarters. The company previously launched crypto trading in Europe in late 2023 and introduced US equity options trading for UK customers in February.
Last year, Robinhood also collaborated with major crypto firms, including Kraken and Galaxy Digital, to launch the USDG stablecoin, issued by Paxos. This latest move into Singapore signals the company’s continued commitment to strengthening its global crypto presence.