Bitstamp | Crypto

The license was granted after a new policy from Singapore's Monetary Authority required all crypto firms based in the country to register. The Monetary Authority of Singapore (MAS) has granted crypto exchange Bitstamp a license to provide services to residents of the Southeast Asian country, the company announced on Thursday. Bitstamp's license is part of the exchange's broader expansion into the Asia-Pacific (APAC) region, the company said. In June, MAS ordered all crypto exchanges serving overseas customers to get licensed or face expulsion, imprisonment, and financial penalties. The regulator also warned that obtaining a license would be very difficult. MAS officials wrote: Read more

Robinhood has acquired the world’s longest-running crypto exchange, Bitstamp, for $200 million, expanding its institutional crypto offerings to Europe, the UK and Asia. Robinhood Markets, Inc. has closed a $200 million acquisition of Luxembourg-based crypto exchange Bitstamp, adding over 50 licenses and registrations and an established institutional client base to its crypto arm. The $200 million consideration was unchanged from an initial agreement in June 2024 and was paid entirely in cash, Robinhood said on June 2. Bitstamp serves over 5,000 institutional clients and 50,000 retail customers, with most of its trading volume driven by its institutional base.  Read more