Bitstamp gains Singapore license, strengthening trusted global crypto presence for Robinhood.
New MAS license proves Bitstamp’s commitment to safe, compliant crypto trading.
Bitstamp connects APAC traders to major US, UK, EU crypto markets.
Robinhood-owned crypto exchange Bitstamp has taken another big step in its global journey. The company has announced that it has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license will enable Bitstamp to formally develop its business in Asia-Pacific (APAC) region.
Bitstamp Strengthens Global Reach with MAS License
Bitstamp is a very familiar brand already within the crypto industry. In Europe, it has a MiCA license. It is also licensed and registered both in the United States and the United Kingdom. Currently, after being approved in Singapore, Bitstamp is consolidating its position as a most reliable crypto exchange in the world.
To begin with, this step demonstrates that Bitstamp is committed to establishing trust. Most investors are in search of exchanges with a high level of security and that adhere to the strict rules. With this new MAS license, Bitstamp will be able to provide the customers within the Singaporean regions and other neighboring nations with secure and legit crypto offerings. This will see it get more customers that desire to trade digital assets without any form of risk.
The second thing is that Bitstamp is expanding in Singapore belongs to the larger strategy of Robinhood. In June, Robinhood closed its cash acquisition of Bitstamp worth 200 million dollars. Robinhood is interested in expanding its crypto services and reaching out to additional markets in the world. With the additional experience and licenses, Robinhood is now able to expand to other regions quicker and cover more clientele with the help of Bitstamp.
Besides, Bitstamp has an experience of over 14 years in crypto. Bitstamp launched in 2011 and has successfully adapted to many changes in the crypto space. Over the years, its long track record shows how well it manages market risks and stays resilient. As a customer, it implies that they can have confidence in Bitstamp to remain respected by their money, as well as abide by the law.
Bitstamp Connects APAC Traders To US, UK, EU Markets
Bitstamp has numerous features of its users. As an example, it provides quick on and off ramps to fund in and out of crypto. It also links the customers of APAC to large markets of the US, UK and the EU. This adds advantage to traders and institutions to work across borders.
Bitstamp’s platform is built for serious investors too. It has a rapid trading matching engine owned by Nasdaq. It provides liquidity and sophisticated tools required by large institutions. Bitstamp has also good security. It is an ISO/IEC 27001 and SOC 2 Type 2 certified provider. Its systems are operated at 99.9 percent up time. This indicates that it prizes security and steadiness.
Another important point is Bitstamp’s local team. The APAC team is based in Singapore. They are familiar with local regulations and market. They collaborate with the partners and clients. This presence in the regions facilitates trust and improved relationship in the region.
Therefore, a new license obtained by Bitstamp is not a mere paper. It is an indication of how the company intends to increase the stakes of crypto in Asia-Pacific. It can capture retail and institutional clients by selling secure fast and compliant services.
In conclusion, the new MAS license opens a fresh chapter for Bitstamp. With strong global experience and modern infrastructure, Bitstamp stands ready to build trust and deliver safer crypto services. This move will help Robinhood and Bitstamp grow together. As a result, they will bring trusted crypto services to more people around the world.
