In a move as predictable as the tides, Robinhood Markets Inc. plots to sprinkle its crypto fairy dust over Singapore by 2025, riding the coattails of Bitstamp Ltd and regulatory nods.
Oh, the grand plans of mice and men! Bloomberg gleefully reports that our dear Robinhood aims to don the crypto-cloak in Singapore, all thanks to Bitstamp Ltd., a gem they’re eager to pocket for their European crypto-exchange shenanigans.
No dates inked yet in the calendar, but Johann Kerbrat, the crypto czar at Robinhood, hints at a regulatory dance before the grand reveal. Bitstamp’s acquisition should wrap up by mid-2025, and Singaporeans can then bask in the crypto glow a few moons later.
As the plot thickens, Robinhood’s Asian odyssey begins with Singapore. Declaring their noble intentions in December 2024, they’ll set up shop in Singapore, seeking more licenses for their Asian escapade. What could possibly go wrong? 🤔
Robinhood, ever the opportunist, has been sprinkling its services across Europe like fairy dust. Crypto services in Spain, equity options for the Brits – why, they even managed to hand over a cool $45 million to the SEC for breaking a few securities laws. Just a minor hiccup, really.
Despite the occasional stumble, our plucky hero continues to expand. October 2024 saw the European crypto-circus really pick up steam. And now, Singapore is the next shiny object in Robinhood’s sights. Watch this space for more financial fireworks! 🎆
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2025-02-19 14:08