Robinhood-Owned Bitstamp Receives License to Operate in Singapore

Bitstamp, the Luxembourg-based crypto exchange recently acquired by the financial services platform Robinhood, has obtained a license to operate in Singapore.

According to an official announcement from the digital asset trading platform, the regulatory nod from the Monetary Authority of Singapore (MAS) is a major milestone in Bitstamp’s commitment to provide compliant access to crypto markets. The feat also marks the beginning of the company’s expansion into the Asia–Pacific (APAC) region.

Bitstamp Licensed in Singapore

With the latest license, Bitstamp says it is now confident to provide secure, institutional-grade services to its Singaporean clients. Henceforth, APAC customers can trade on a platform trusted by institutions, globally connected, with fast on and off-ramps on standard infrastructure. 

As the oldest and longest-running crypto exchange, Bitstamp insists that it has worked diligently to build trust over the years. The APAC team will be based in Singapore, working tirelessly to provide local partnerships and strategic support.

“At Bitstamp by Robinhood, we understand what is needed to succeed in crypto: trust, transparency, speed, and service. That’s why we’ve spent over a decade building infrastructure that meets the highest standards, and now, we’re bringing it to APAC in full…From global connectivity to local support, we’re here to raise the bar for what access to crypto should look like. In Singapore and beyond,” the exchange stated.

More Regulatory Approvals Incoming

The latest development comes just one month after Robinhood finalized its acquisition of Bitstamp for $200 million. Cointab reported over a year ago that Robinhood had entered the agreement with Bitstamp, with the intention of completing the deal by the first half of 2025. 

With the finalization of the acquisition, Robinhood executed its first institutional business purchase. The deal expanded its reach, providing access to users across the United States, Asia, the United Kingdom, and the European Union.

Robinhood intends to secure additional regulatory licenses in the coming months, bringing Bitstamp into the big leagues. The duo will target institutional clients, liquidity providers, and global financial firms while opening up new markets and introducing tools for hedge funds.

Meanwhile, Robinhood intends to launch crypto product services in Singapore later this year, leveraging regional demand.

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