Robinhood Set to Launch Crypto Services  in Singapore by 2025

• Robinhood secures Singapore license via Bitstamp acquisition.
• Expansion into Asia, with focus on brokerage licenses and growth.
• Robinhood sees Q4 2024 revenue surpass $1 billion amid market surge.

Robinhood is preparing to launch crypto services in Singapore by 2025 through its acquisition of Bitstamp. The $200 million deal paves the way for expansion across Asia-Pacific, positioning Robinhood to compete in the global crypto market.

Robinhood Taps Singapore for Strategic Crypto Launch

Robinhood plans to introduce crypto products in Singapore by 2025, leveraging its recent acquisition of Bitstamp. The company aims to roll out these services under the guidance of local regulators. 

The $200 million deal, finalized in June 2024, allows Robinhood to access Bitstamp’s Singapore license. The acquisition also paves the way for Robinhood’s broader expansion in the Asia-Pacific region. The company aims to roll out services in Singapore under local regulatory guidance by late 2025.

Bitstamp received in-principle approval from the Monetary Authority of Singapore last year, facilitating Robinhood’s entry into the market. The company’s strategy seeks to utilize Bitstamp’s infrastructure and regulatory approvals to facilitate its operations in the region.

Robinhood’s Global Expansion

Robinhood intends to use Singapore as a base for its Asian expansion. Robinhood plans to secure additional brokerage licenses in the region to support its growth plans. It also plans to introduce trading features across the Asia-Pacific region, following a successful launch in Singapore.

Moreover, Bitstamp holds licenses in several European Union countries like Italy, Spain, France, and the Netherlands. Robinhood’s move into Asia follows its recent expansion in Europe, where it introduced crypto services in late 2023. This acquisition also positions the company to compete with other global operators in Asia, such as China’s Tiger Brokers and Futu Holdings.

Partnerships and Regulation Hurdles

The firm also launched US equity options trading for UK customers in early 2025. Furthermore, Robinhood has partnered with Kraken and Galaxy Digital to launch the USDG stablecoin, issued by Paxos in Singapore. These moves demonstrate the company’s commitment to broaden its international presence in the financial services sector.

Robinhood’s success has been fueled by the digital-asset market rally, which enabled the company to achieve over $1 billion in revenue in Q4 2024, surpassing analyst expectations. Even though Robinhood faces regulatory challenges in the U.S it remains focused on its international growth. The company reached a $45 million settlement with the Securities and Exchange Commission over alleged violations of securities laws.