Bitstamp Secures Major Payment Institution Licence in Singapore

Bitstamp, the Robinhood-owned cryptocurrency exchange, has obtained a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS). This marks the firm's strategic entry into the Asia-Pacific region and reinforces its commitment to compliant, institutional-grade crypto services.

The Singapore approval follows Bitstamp's recent acquisition of a European Union crypto Asset Service Provider (CASP) license under MiCA regulations. The exchange now holds over 50 regulatory licenses globally, spanning the EU, UK, U.S., and now Singapore.

Robinhood's $200 million acquisition of Bitstamp last month appears strategically sound, given the exchange's extensive regulatory compliance framework. The MOVE signals growing institutional interest in licensed crypto platforms as gateways to digital asset markets.