Robinhood-Backed Bitstamp Defies Crypto Exodus, Secures Singapore License

Singapore opens its arms to another crypto player—just as the industry's biggest names flee tighter regulations.

Bitstamp, the exchange backed by trading app Robinhood, just scored a major win: approval from Singapore’s Monetary Authority (MAS) to operate as a regulated crypto service provider. The green light comes despite a wave of crypto firms—from Binance to Bybit—exiting the city-state over compliance headaches.

Why it matters: Singapore’s not giving up on crypto. While rivals retreat, Bitstamp’s license signals that institutional-friendly platforms still see value in playing by the rules—even if those rules keep changing.

The twist? Robinhood’s own crypto division recently scaled back trading services. Guess someone’s hedging their bets.

Bottom line: In crypto’s game of regulatory whack-a-mole, Bitstamp just dodged the hammer. For now.