Robinhood to Expand Crypto Offerings to Singapore

• Robinhood will launch crypto services for Singapore customers via Bitstamp.
• The retail investing firm acquired Bitstamp for $200 million in June 2024.

Robinhood, a prominent retail investing platform, plans to expand its crypto product offerings to Singapore by the end of 2025.

According to a Bloomberg report, Robinhood Markets is pursuing entry into Singapore through Bitstamp, the crypto platform it recently acquired.

This expansion also targets the Asia-Pacific region through Robinhood’s European-based digital-assets exchange.

Johann Kerbrat, VP and general manager of Robinhood Crypto, noted the company will work closely with local regulators. While a specific launch date hasn’t been provided, the expectation is that crypto services will be available to customers in Singapore before 2025 concludes.

The Bitstamp Acquisition

In June 2024, Robinhood announced the acquisition of Luxembourg-based Bitstamp for $200 million, with the deal expected to close in the first half of 2025. The goal is to utilize Bitstamp’s exchange technology to boost global expansion, including launching crypto products in Singapore.

Last October, Robinhood Crypto introduced crypto transfers for European customers, enabling over 20 cryptocurrencies, including Bitcoin, Ethereum, Solana, and USDC.

Robinhood’s operations are regulated by the US SEC and FINRA, and it holds a BitLicense from the New York State Department of Financial Services. Bitstamp has secured over 50 regulatory approvals, including licenses in Singapore, the UK, and the EU.