Hey kids! Have you heard of Robinhood? It's a popular app for buying and selling stocks. Now, they're getting into cryptocurrency (crypto is like digital money!) in a big way. They're planning to let people in Singapore use their app to buy and sell crypto.
Robinhood bought a company called Bitstamp to help them do this. Bitstamp already has permission from Singapore's government to operate there. This is a smart move because it helps Robinhood follow all the rules.
- Robinhood will offer crypto trading in Singapore.
- They bought Bitstamp for $200 million to make this happen.
- They aim to launch by late 2025.
- This is part of Robinhood's bigger plan to grow in Asia.
| Fact | Detail |
|---|---|
| Deal Cost | $200 million |
| Launch Date | Late 2025 (estimated) |
| Location | Singapore |
