{"id":13789,"date":"2025-02-18T21:17:13","date_gmt":"2025-02-18T21:17:13","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=13789"},"modified":"2025-02-18T21:17:13","modified_gmt":"2025-02-18T21:17:13","slug":"robinhood-to-expand-crypto-services-in-singapore-via-bitstamp-by-2025","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=13789","title":{"rendered":"Robinhood To Expand Crypto Services In Singapore Via Bitstamp By 2025"},"content":{"rendered":"<div>\n<p><span style=\"font-weight: 400\">California-based Robinhood is ready to expand into the Asian market with plans to launch crypto services in Singapore by late 2025. The company is contemplating a Singapore headquarters to tap into the region\u2019s growing demand for digital assets. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Johann Kerbrat, vice president and general manager of Robinhood Crypto, confirmed the move to Bloomberg News. Although, the company had announced plans to expand into the Asia-Pacific region in 2025 during its Q4 result announcement.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to a 18 February 2025 <\/span><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-18\/robinhood-expects-to-launch-crypto-products-in-singapore-in-2025?embedded-checkout=true\" target=\"_blank\" rel=\"nofollow\"><span style=\"font-weight: 400\">Bloomberg report<\/span><\/a><span style=\"font-weight: 400\">, Robinhood plans to launch Singapore crypto offerings in 2025 through an entity of European digital-assets exchange Bitstamp.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Robinhood Expanding Crypto Services to Singapore in 2025<\/p>\n<p>Robinhood plans to enter the Singapore crypto market next year, leveraging Bitstamp\u2019s licensed entities to operate. Services could roll out as early as late 2025!<\/p>\n<p>In a recent interview with Bloomberg, Johann Kerbrat,\u2026 <a href=\"https:\/\/t.co\/0JZ15sTgmC\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/0JZ15sTgmC<\/a><\/p>\n<p>\u2014 Cult of Blockchain (@BlockchainCult) <a href=\"https:\/\/twitter.com\/BlockchainCult\/status\/1891884788602048992?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">February 18, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong>Explore: <a href=\"https:\/\/99bitcoins.com\/news\/robinhood-sees-700-jump-in-crypto-revenue-in-q4-surpasses-1-billion\/\" rel=\"bookmark\">Robinhood Sees 700% Jump In Crypto Revenue In Q4, Surpasses $1 Billion<\/a><\/strong><\/p>\n<h2>Bitstamp\u2019s Existing Licenses In Singapore \u2013 A Major Plus For Robinhood<\/h2>\n<p>In June 2024, Robinhood announced the acquisition of Bitstamp for $200 million. The acquisition is expected to close in the first half of 2025.<\/p>\n<p><span style=\"font-weight: 400\">The Monetary Authority of Singapore (MAS) has granted Bitstamp in-principle approval for digital token payment services, which Robinhood plans to utilize to streamline its entry into the market.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Bitstamp\u2019s existing licenses in Singapore and several European Union countries (including Italy, Spain, and France) make it a valuable asset for Robinhood\u2019s global expansion. These licenses allow Robinhood to navigate regulatory complexities more efficiently while offering services that comply with local law.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Singapore has emerged as a major player in the Asia-Pacific digital asset ecosystem, competing with Hong Kong for dominance. By choosing Singapore as its regional base, the company positions itself strategically to capitalize on this momentum.<\/span><\/p>\n<p><strong>Explore: <a href=\"https:\/\/99bitcoins.com\/news\/robinhood-halts-super-bowl-betting-following-cftc-request\/\" rel=\"bookmark\">Robinhood Halts Super Bowl Betting Following CFTC Request<\/a><\/strong><\/p>\n<h2 class=\"page-title\">Company Recorded Highest-Ever Quarterly Profit<\/h2>\n<p>The company reported a staggering 700% increase in cryptocurrency revenue during the fourth quarter.<\/p>\n<p><a href=\"https:\/\/www.globenewswire.com\/news-release\/2025\/02\/12\/3025427\/0\/en\/Robinhood-Reports-Fourth-Quarter-and-Full-Year-2024-Results.html\" target=\"_blank\" rel=\"nofollow noopener nofollow\">On 12 February 2025, Robinhood released Fourth Quarter and Full Year 2024 Results.<\/a>\u00a0The company\u2019s Q4 revenues went up 115% year-on-year to a record $1.01 billion.<\/p>\n<p>Commenting on the impressive results, Vlad Tenev, CEO and Co-Founder of the company said, \u201cWe hit the gas on product development in 2024 with a new platform for active traders, Gold Card launch, an expanded UK and EU product suite, and much more.\u201d<strong>\u00a0<\/strong><\/p>\n<p>Earlier this month, the company also started to offer options trading to its UK customers.<\/p>\n<p>Tenev said, \u201cWe see a huge opportunity ahead of us as we work toward enabling anyone, anywhere, to buy, sell, or hold any financial asset and conduct any financial transaction through Robinhood.\u201d<\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h3>\n<p><span style=\"font-weight: 400\">    <\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n        <\/ul>\n<p><\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         Robinhood\u2019s Vice President and General Manager of Robinhood Crypto, Johann Kerbrat, confirmed that the Singapore launch would be guided by local regulations and is expected to occur shortly after the finalization of the Bitstamp acquisition in the first half of 2025.     <\/li>\n<p>    <\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         Robinhood has been actively scaling its cryptocurrency operations globally. In late 2023, it launched crypto trading services across Europe and introduced US equity options trading for UK customers earlier this year.\u00a0<\/li>\n<p><\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/span><\/p>\n<\/div>\n<p>    <\/span><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/robinhood-to-expand-crypto-services-in-singapore-via-bitstamp-by-2025\/\">Robinhood To Expand Crypto Services In Singapore Via Bitstamp By 2025<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>California-based Robinhood is ready to expand into the Asian market with plans to launch crypto services in Singapore by late 2025. The company is contemplating a Singapore headquarters to tap into the region\u2019s growing demand for digital assets. Johann Kerbrat, vice president and general manager of Robinhood Crypto, confirmed the move to Bloomberg News. Although, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-13789","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13789","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13789"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13789\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}