Robinhood Markets Inc. plans to launch Singapore crypto offerings in 2025 through an entity of European digital-assets exchange Bitstamp Ltd., which it recently acquired.

The trading platform plans to launch cryptocurrency services in Singapore by late 2025, leveraging Bitstamp's licenses.

Trading platform Robinhood (HOOD) plans to introduce crypto products in Singapore this year pending the completion of its purchase of crypto exchange Bitstamp, Bloomberg reported on Tuesday. Robinhood agreed to buy Bitstamp in June and the $200 million acquisition is expected to close in the first half of the year.

Robinhood plans to launch its crypto services in Singapore by late 2025, following the acquisition of Bitstamp for $200 million in June 2024. The move aims to tap into Singapore's growing role as a digital assets hub and expand Robinhood's presence in the Asia-Pacific region.

Robinhood new revenues were up 115% year-over-year for 2024, surpassing 25 million users. Hong Kong issued five crypto operator licenses in 2024, and Singapore issued

Robinhood has announced plans to introduce its crypto offerings in Singapore by 2025, following its acquisition of the European digital-assets exchange Bitstamp Ltd. The move will see the California-based financial entity move further into the Asia-Pacific (APAC) region,

Robinhood Markets (NASDAQ:HOOD) is preparing to offer crypto in Singapore in 2025, an extension of its recent acquisition of European digital-assets exchange Bitstamp, according to a media report. Part of the reason that Robinhood (NASDAQ:HOOD) agreed to buy Bitstamp last June is its licenses with Singapore,