Robinhood to Launch Crypto Services in Singapore via Bitstamp Acquisition in 2025

Robinhood Markets Inc. is set to expand its cryptocurrency services into Singapore by 2025, leveraging its recent acquisition of Bitstamp Ltd., a European digital-assets exchange.

The move will be guided by local regulatory frameworks, with Robinhood aiming for a late 2025 launch, according to Johann Kerbrat, vice president and general manager of Robinhood Crypto, in an interview with Bloomberg News.

Singapore has established itself as a leading digital-assets hub in the Asia-Pacific region, competing with Hong Kong and other financial centers for global crypto and blockchain businesses.

Robinhood’s $200M Bitstamp Acquisition Boosts Expansion with Key Regulatory Approvals

Robinhood’s $200 million purchase of Bitstamp in June 2024 plays a key role in its strategy to expand operations in the region, particularly due to Bitstamp’s existing regulatory approvals and institutional client base.

Kerbrat highlighted that Bitstamp’s regulatory licenses in Singapore made it an attractive acquisition target, allowing Robinhood to enter the market more efficiently.

Bitstamp previously secured in-principle approval from the Monetary Authority of Singapore (MAS), giving Robinhood a regulatory foothold in the country.

The finalization of the Bitstamp deal is expected in the first half of 2025, pending regulatory approval, with Robinhood’s Singapore crypto launch to follow shortly thereafter.

Beyond Singapore, Bitstamp holds regulatory licenses in multiple European Union countries, including Italy, Spain, the Netherlands, and France.

This broad licensing portfolio strengthens Robinhood’s global crypto expansion efforts, complementing its crypto trading launch in Europe in late 2023.

Robinhood has been actively expanding its presence in Asia, with Singapore positioned as its regional headquarters.

The company announced in December 2024 that it would launch broader trading services in Asia by 2025, competing with established platforms like China’s Tiger Brokers and Futu Holdings Ltd.

As part of its regional expansion, Robinhood is seeking brokerage licenses in multiple Asian markets.

It has also made key strategic partnerships, including its collaboration with Kraken and Galaxy Digital to develop USDG, a stablecoin to be issued by Paxos in Singapore.

Robinhood Surpasses Wall Street Estimates with $1 Billion Q4 2024 Revenue

Robinhood’s expansion comes amid a crypto market resurgence, driven in part by U.S. President Donald Trump’s pro-crypto policies.

The company reported fourth-quarter 2024 revenues exceeding $1 billion, surpassing Wall Street estimates of $940.8 million.

Robinhood made 6x the amount of transactional revenue on crypto as equities in Q4. Crazy!

• Crypto: $358M
• Options: $222M
• Equities: $61M

— Tanay Jaipuria (@tanayj) February 17, 2025

The online trading platform reversed its fortunes over the year, shifting from a loss in 2023 to a profit.

During the earnings call, CFO Warnick expressed optimism, noting that the Trump administration’s crypto-friendly regulatory approach stands to propel the industry forward.

“The administration appears very supportive of innovation in the crypto space which I think is going to be great for customers as well as great for the companies like Robinhood,” he said.