Robinhood to Launch Crypto Services in Singapore by Late 2025
- Robinhood acquired Bitstamp for $200 million in June 2024.
- The company plans to launch crypto services in Singapore by late 2025.
- Global crypto market reached $3.2 trillion by January’s end.
- Bitstamp holds licenses in Singapore and several European countries.
- Robinhood reported a 700% increase in crypto trading revenue in Q4 2024.
Robinhood Markets Inc. aims to expand its presence in the Asia-Pacific region by launching its crypto services in Singapore following the acquisition of Bitstamp. The move is part of a broader strategy, with Robinhood’s crypto trading revenue surging by 700% in Q4 2024, contributing significantly to its financial success.
Source (2.6)https://decrypt.co/306518/robinhood-seeks-expansion-into-singapores-crypto-market-by-late-2025?rand=52368
