Bitstamp, managed by Robinhood, has secured a Major Payment Institution license from the Monetary Authority of Singapore, paving the way for enhanced operations in the Asia-Pacific region.
License and Its Importance
Bitstamp has officially obtained a Major Payment Institution license effective July 3, 2025. This status will allow the company to significantly expand its operations in the Asia-Pacific region, facilitating better crypto services.
Expansion Plans and New Services
With the new licensing, Bitstamp plans to enhance its market footprint by providing services such as trading, staking, and derivatives. Julien Bouvier, CEO of Bitstamp, remarked, 'We understand the region and work diligently to build trust through responsive, face-to-face collaboration.'
Market Impact and Predictions
The acquisition of the license leads to increased platform reliability and regulatory clarity, which is likely to attract both institutional and retail interest. Regulatory environments often enhance trading volumes for key assets managed by the exchange, as licensed exchanges tend to receive institutional inflows.
The license reflects Bitstamp's focus on multijurisdictional adaptation and potential future shifts in the Asia-Pacific financial markets.
