Bitstamp Secures Singapore License Boosting APAC Expansion

Bitstamp, a prominent crypto exchange owned by Robinhood, has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license marks a significant milestone in Bitstamp's global expansion strategy, enabling the company to formally develop its business in the Asia-Pacific (APAC) region. The license underscores Bitstamp's commitment to providing secure and compliant crypto trading services, aligning with its existing licenses in the United States, the United Kingdom, and Europe.

With this new license, Bitstamp aims to establish trust among investors in Singapore and neighboring countries. The exchange is known for its high level of security and adherence to strict regulatory standards, making it an attractive option for those seeking to trade digital assets without risk. This move is part of Robinhood's broader strategy to expand its crypto services and reach additional markets worldwide. The acquisition of Bitstamp for 200 million dollars in June has provided Robinhood with the necessary experience and licenses to accelerate its global expansion.

Bitstamp's extensive experience in the crypto industry, spanning over 14 years, has equipped it with the resilience and risk management capabilities needed to navigate the ever-changing crypto landscape. The exchange's long track record demonstrates its ability to adapt to market changes and maintain regulatory compliance, instilling confidence in its customers. Bitstamp's platform offers quick on and off ramps for funding, linking APAC traders to major markets in the US, UK, and EU. This feature provides traders and institutions with the advantage of working across borders, enhancing their trading capabilities.

The platform is designed for serious investors, featuring a rapid trading matching engine owned by Nasdaq. It provides liquidity and sophisticated tools required by large institutions, ensuring a seamless trading experience. Bitstamp's commitment to security is evident through its ISO/IEC 27001 and SOC 2 Type 2 certifications, with systems operating at 99.9 percent uptime. This dedication to security and stability is further supported by its local team based in Singapore, which is familiar with local regulations and market conditions. The team collaborates with partners and clients, fostering trust and improved relationships in the region.

The new MAS license is more than just a regulatory approval; it signifies Bitstamp's intent to increase its presence in the APAC region. By offering secure, fast, and compliant services, Bitstamp aims to capture both retail and institutional clients. This move opens a fresh chapter for Bitstamp, positioning it to build trust and deliver safer crypto services globally. With strong global experience and modern infrastructure, Bitstamp is well-equipped to support Robinhood's growth and bring trusted crypto services to more people around the world.