Market Chatter: Robinhood Markets Eyes Launching Crypto Offerings in Singapore

MT Newswires Live

Feb 19, 2025

Robinhood Markets (HOOD) plans to introduce cryptocurrency offerings in Singapore later this year, Bloomberg reported Tuesday, citing a company executive.

Johann Kerbrat, vice president and general manager of Robinhood Crypto, said in an interview with Bloomberg that the service will be launched through an entity of European digital-assets exchange Bitstamp, which Robinhood Markets bought in June 2024 for $200 million.

Kerbrat said the Bitstamp deal, which is awaiting regulatory approval, is expected to close in H1.

HOOD shares were down almost 8% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 60.12, Change: -5.16, Percent Change: -7.91

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p><p>Price: 60.12, Change: -5.16, Percent Change: -7.91</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1861559042.SGD","symbol_name":"日兴方舟颠覆性创新基金B SGD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2512860199","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2512860199","pubTimestamp":1739907350,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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