PANews reported on February 18 that according to Bloomberg, Robinhood plans to launch crypto products in Singapore in 2025 through its acquired European digital asset exchange Bitstamp. The company plans to launch these services by the end of 2025 under the guidance of local regulators.

Robinhood acquired Bitstamp for $200 million in June 2024, in part because of Bitstamp’s license in Singapore, which will help Robinhood expand its business in the country. Bitstamp received in-principle approval from the Monetary Authority of Singapore last year.

In addition, Robinhood also plans to expand its business in the Asia-Pacific region by 2025 and use Singapore as a base to further expand its footprint in the Asian market.