Robinhood aims to launch crypto offerings in Singapore by late 2025

Robinhood plans to launch cryptographic products in Singapore this year thanks to recently acquired crypto exchange bitstamp.

According to a Bloomberg reportvice-president and managing director of Robin Crypto, Johann Kerbrat, revealed that the company had not yet decided on an official launch date. However, the company aims to deploy its crypto services Singaporean Users under local regulations by the end of 2025.

Kerbrat said that the company’s cryptographic products will be offered through the European cryptography exchange, Amplification. Robinhood acquired Bitstamp in June 2024 in an agreement of $ 200 million. He explained that one of the reasons why Robinhood wanted to acquire Bitstamp was because of his Singaporean license.

Bitstamp had received an approval in principle from the Singapore monetary authority Last year. The exchange will act as a bridge for Robinhood to extend its services to the Singaporean market under the direction of local regulators.

According to Kerbrat, Robinhood should conclude the Bitstamp acquisition agreement in the first half of this year, following regulatory approval. Once the agreement is signed, the launch of Robinhood’s cryptographic products in Singapore should arrive a few months later.

In December 2024, Robinhood announced that it was planning to extend its commercial activities in Asia in 2025. The cabinet will start its Asian expansion by establishing its main office in Singapore. In addition, Robinhood also aims to obtain licenses in other parts of Asia as part of its expansion efforts.

At the end of 2023, Robinhood began its European expansion by introducing features to users in the region. In February, this YAR, the company also started to offer you equity options for British customers. But it’s only recently spear Its crypto services in Spain in January 2025.

In the same month, Robinhood agreed To pay a regulation of $ 45 million with the United States Commission of securities After the government agency said that the Cabinet broker entities have committed more than 10 violations of the provisions in terms of securities law.