Robinhood to Launch Crypto Services in Singapore via Bitstamp
- Robinhood plans to launch crypto services in Singapore in late 2025.
- The expansion is through Bitstamp, acquired for $200 million in June 2024.
- Bitstamp has received in-principle approval from the Monetary Authority of Singapore.
- This approval allows compliance with Singapore’s Payment Services Act.
- Singapore aims to be a leading digital asset hub in the Asia-Pacific region.
Robinhood is set to expand its global crypto presence by launching services in Singapore through Bitstamp, following its acquisition of the exchange for $200 million. The launch is planned for late 2025, leveraging Bitstamp’s regulatory approvals from the Monetary Authority of Singapore.
Source (2.6)https://cryptobriefing.com/crypto-services-singapore-bitstamp/?rand=59535
