Robinhood is set to expand its cryptocurrency operations into Singapore by late 2025 through a strategic partnership with European exchange Bitstamp which it acquired for $200 million. This move comes after receiving in-principle approval from Singapore’s Monetary Authority in March 2024 enabling digital payment token services under the city’s Payment Services Act.

Johann Kerbrat the vice president and general manager of Robinhood Crypto highlighted the acquisition’s completion in the first half of the year as a pivotal step towards establishing Singapore as a central hub for its Asian trading operations. The city-state is emerging as a significant player in the digital asset sphere aiming to outpace Hong Kong with robust regulatory frameworks.

Further solidifying its global stance last year Robinhood initiated crypto trading in Europe and introduced US equity options for UK customers. Plans to base broader trading businesses in Asia with Singapore as the headquarters underscore its commitment to enhancing its presence across the global cryptocurrency market.

Bloomberg

OKX has marked a significant milestone by extending its cryptocurrency trading services to 28 European Economic Area regions becoming the first exchange to operate under a MiCA license. The expansion empowers over 400 million Europeans to access a range of MiCA-compliant crypto services directly from Malta the exchange’s main European hub.

Nearly a month after securing the MiCA license OKX announced its availability in countries including France Germany Spain and 25 other member states. This strategic move allows the platform to offer over-the-counter trading spot trading and bot trading adhering to stringent EU regulatory standards.

The crypto exchange is enhancing user experience by introducing over 60 euro-based trading pairs and supporting euro transactions through free bank transfers and card purchases. Localized services including customer support in native languages and region-specific product offerings are also set to cater to diverse European markets.

Tether has signed a Memorandum of Understanding with the Republic of Guinea to promote blockchain technology and digital transformation in Africa. This partnership aims to foster economic growth and position Guinea as a leader in digital innovation through strategic collaborations in blockchain and peer-to-peer technologies.

The agreement includes initiatives to develop blockchain expertise and education across Guinea enhancing local talent and technological capabilities. By supporting Guinea’s Innovation City project Tether strengthens its global commitment to advancing blockchain education and fostering sustainable technological practices.

Paolo Ardoino CEO of Tether expressed enthusiasm about partnering with Guinea to explore the vast potential of digital technologies in Africa. This collaboration marks a significant stride towards integrating advanced technologies to cultivate an inclusive and robust digital economy in Guinea.

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