Robinhood, the trading platform, is set to launch crypto products in Singapore this year. This move follows their $200 million acquisition of Bitstamp, a crypto exchange. The deal, announced in June, is expected to close in the first half of the year. Johann Kerbrat, Robinhood Crypto’s VP and GM, told Bloomberg that the launch in Singapore would follow soon after the acquisition. Bitstamp’s appeal lies in its Singapore licenses and its institutional business. Last year, Bitstamp received an in-principle license from the Monetary Authority of Singapore, which allows them to provide digital token services. Robinhood CEO Vlad Tenev confirmed plans to expand into Asia with Singapore as the base.
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