Bitstamp Secures Singapore License: APAC Crypto Just Got a Major Trust Boost
Crypto's institutional gateway just widened—Bitstamp slashes through red tape with a full Singapore MAS license. The exchange now plants its flag in Asia-Pacific's most tightly regulated market, offering retail and institutional traders a rare trifecta: compliance, liquidity, and that sweet regulatory halo effect.
Why it matters: Singapore isn't handing out crypto passes like free conference swag. This green light signals Bitstamp cleared the MAS's 'proof of reserves' gauntlet—no small feat after the 2023 stablecoin purge. Local banks can finally stop side-eyeing crypto transactions.
The APAC play: With Japan's FSA nod already in pocket, Bitstamp's gunning for the 'Coinbase of Asia' crown. Their pitch? A Euro-centric exchange won't pull a Celsius with your Tether. Traders get Euro<>BTC pairs without the usual offshore exchange sketch factor.
Reality check: License ≠ adoption. Local rivals like Coinhako already dominate SG retail flows. But for hedge funds tired of OTC desk markups? This could be the backdoor into Asian liquidity they've craved since China banned mining. Just don't mention the 37% trading volume dip last quarter.
- Bitstamp is granted an MPI license by Singapore’s MAS to facilitate local operations.
- The purchase cements Robinhood’s global crypto offering with regulatory approval.
- The exchange is providing swift, safe, and institutional-quality crypto services in APAC.
Bitstamp, the crypto exchange owned by Robinhood, has received the Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), marking its formal entry into the Asia-Pacific market.
The move allows the company to offer regulated crypto products within one of the world’s leading financial centers and expands its global compliance strategy.
The MPI license allows Bitstamp to offer digital payment token services in Singapore, just like the regulatory framework in other jurisdictions where it is licensed.
Bitstamp is MiCA approved in the European Union and is licensed in the applicable jurisdictions in the United States and the United Kingdom. Its broad-based regulatory reach is part of the reason behind its credibility with institutional and retail customers.
Bitstamp Ensures Security With Certified Compliance Standards
With over 14 years’ combined experience within the crypto sphere, the firm enters the APAC market with its battle-tested infrastructure able to handle the high-demand requirements of institutions.
Its features encompass rapid on/off fiat ramps, advanced API access, and multicurrency banking rails. With a Nasdaq-driven matching engine behind it and ISO/IEC 27001 and SOC 2 Type 2 accredited security protocols in place, Bitstamp delivers speed and security to the equation for its clients.
Institutional-grade liquidity and the 99.9% uptime of the platform provide the performance reliability required by local clients looking to scale up operations. APAC customers will benefit from direct access to the global liquidity pools to enable smooth cross-border crypto trading between the UK, EU, US, and Singapore.
Robinhood Strengthens APAC Crypto Market Strategy
APAC operations for Bitstamp are based in Singapore, where there is a local team working on market developments, regulatory matters, and partnerships.
Local presence ensures local support and closer collaboration in the area aimed at building lasting relationships and gaining confidence in the dynamic crypto economy.
The expansion signals Robinhood’s approach to penetrate the rapidly growing APAC digital asset market. Through the integration of worldwide connectivity and local distribution, Bitstamp by Robinhood is looking to revolutionize Asia-Pacific crypto access standards.
As it solidifies its presence in Singapore, Bitstamp brings a new standard for regulated, secure, and high-performance crypto exchange services to the area.
