Robinhood is preparing to introduce crypto products in Singapore before the end of 2025.
Johann Kerbrat, vice president and general manager of Robinhood Crypto, revealed in an interview with Bloomberg that while no exact launch date has been set, the company is working closely with regulators to roll out its services in the region.
Notably, Robinhood will be leveraging the regulators’ relationship with Bitstamp, a European crypto exchange it acquired for $200 million in 2024, to achieve its goals. The crypto exchange had previously secured an in-principle approval from the Monetary Authority of Singapore (MAS) in 2023, giving Robinhood a regulatory foothold in the country. Kerbrat highlighted that Bitstamp’s licenses in Singapore, alongside its strong institutional business, made it an attractive acquisition.
Robinhood’s expansion into Singapore aligns with its broader international push. When acquiring Bitstamp, the company emphasized its goal of growing its presence in the UK, Europe, and Asia. Founded in 2011, Bitstamp holds over 50 licenses worldwide, including in key European markets such as Slovenia, Italy, Spain, the Netherlands, and France.
The retail investment platform had already announced plans in December 2024 to expand its trading business into Asia, with Singapore serving as its main regional hub. It also intends to secure additional licenses across Asia as part of its long-term strategy.
Kerbrat stated that the Singapore launch is expected to happen a few months after the Bitstamp deal is finalized, which he predicted would likely happen in the first half of 2025, pending regulatory approval.
Robinhood’s expansion follows its continued focus on expanding its crypto-focused services. In October 2024, its crypto division introduced crypto transfers for its European customers, enabling them to trade over 35 cryptocurrencies, including Bitcoin, Ethereum, and Solana. The firm has also expanded into crypto derivatives, launching Bitcoin and Ethereum futures trading to attract both new and experienced traders.
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