Bitstamp, managed by Robinhood, has secured a Major Payment Institution license from the Monetary Authority of Singapore. This development bolsters the company's position in the Asia-Pacific region.
MPI License from the Financial Regulator
Bitstamp has received a Major Payment Institution license from the Monetary Authority of Singapore, enabling continued operations in the country beyond June 30, 2025. The license is expected to instill confidence among institutional and retail clients.
Bitstamp's Service Expansion Under Robinhood
Robinhood's acquisition of Bitstamp enhances its strategic positioning in the Asia-Pacific region by offering new trading services, staking, and perpetuals. Bitstamp's local office in Singapore will ensure market and regulatory compliance.
Market Impact and Growth Projections
With the anticipated increase in institutional and retail inflows, trading volumes are expected to grow. The license will enhance compliance standards, similar to previous expansions by Coinbase and Binance. Bitstamp aims to become a leading player in the APAC region, potentially influencing global crypto markets.
The acquisition of the MPI license in Singapore opens new avenues for Bitstamp, solidifying its competitive stance and fostering increased market confidence.
