Robinhood's Singapore Crypto Push

Robinhood Expands into Singapore's Crypto Market

Robinhood, the California-based brokerage, is set to launch cryptocurrency services in Singapore, leveraging its recent acquisition of Bitstamp. A Bloomberg report revealed plans for a late 2025 launch, following the completion of the $200 million Bitstamp acquisition in the first half of 2025.

Key Developments

• Acquisition: Robinhood acquired Bitstamp in June 2024.
• Regulatory Approval: Bitstamp received in-principle approval from the Monetary Authority of Singapore (MAS) in March 2024, allowing it to offer digital payment token services under the Payment Services Act.
• Timeline: Robinhood aims for a late 2025 launch in Singapore.
• Strategic Importance: Singapore's established regulatory framework for digital assets makes it an attractive hub for global players like Robinhood.

Johann Kerbrat, head of Robinhood's crypto division, confirmed the Singapore launch plans, although an exact date remains unannounced. This move aligns with Robinhood's broader Asia expansion strategy; the company announced plans in December 2024 to establish its trading business in Asia, with Singapore designated as its headquarters.

This expansion follows Robinhood's recent forays into European crypto trading (launched in late 2023) and UK equity options trading (February 2025). The company also notably collaborated with Kraken and Galaxy Digital last year to launch the USDG stablecoin, issued by Paxos.

Codeum provides comprehensive blockchain security services, including smart contract audits, KYC verification, custom smart contract and DApp development, and tokenomics & security consultation. We also facilitate partnerships with launchpads and crypto agencies.