Robinhood to Debut in Asia in 2025, Headquartered in Singapore

January 2025

Robinhood Markets Inc., a US-based brokerage firm is set to expand its operations into Asia, establishing Singapore as its regional base starting next year. This move follows Robinhood’s recent entry into the UK market, where it has begun offering some of its trademark services. The expansion into Asia is part of Robinhood’s strategy to seek growth opportunities beyond its home market, which has seen a decline in trading activity after a pandemic-driven surge.

To support this expansion, Robinhood has received approval to enhance its product offerings in the UK and is in the process of setting up an office in Singapore while acquiring necessary brokerage licenses for the region. The company aims to position itself competitively against other international players, particularly as rivals such as China’s Tiger Brokers and Futu Holdings expand globally. Singapore’s reputation as a financial hub, coupled with its favorable regulatory environment, makes it an attractive location for Robinhood to tap into the growing demand for online trading and investment services in Asia.

In addition to its geographic expansion, Robinhood plans to broaden its contract offerings linked to specific events, potentially including sports competitions, building on the firm’s success with contracts tied to this year’s US presidential race. This diversification strategy aims to enhance Robinhood’s service portfolio and attract a wider customer base.

(Source: Moneycontrol)

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