Robinhood to Introduce Crypto Services in Singapore by 2025
Robinhood plans to expand its cryptocurrency offerings into Singapore by 2025 through its recent acquisition of Bitstamp for $200 million in June 2024.
This move is a key part of the company’s strategy to enhance its presence in the Asia-Pacific market and tap into Singapore’s growing prominence as a hub for digital assets.
The company aims to roll out its crypto services in Singapore with full regulatory approval by late 2025, though the exact timeline remains to be finalized. According to Johann Kerbrat, Robinhood’s VP of Crypto, Singapore’s crypto-friendly environment, bolstered by its progressive regulations, makes it an attractive market for the company’s expansion.
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The acquisition of Bitstamp, which holds an established license in Singapore, was a strategic decision for Robinhood. This license ensures smoother regulatory navigation as the company prepares to enter the market. Bitstamp’s approval from the Monetary Authority of Singapore has already set the stage for Robinhood to offer its crypto services.
Robinhood also has broader plans beyond Singapore. The Bitstamp deal is expected to finalize by mid-2025, followed by the launch of Robinhood’s crypto products. Bitstamp’s existing licenses across several European Union nations like Italy, Spain, and France, along with Robinhood’s intention to secure brokerage licenses in the Asia-Pacific region, highlights its ambition to expand further in the digital asset space.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
