Robinhood Receives In-Principle Approval from Singapore's Monetary Authority

Gate News message, April 24 — Robinhood Markets, a US-based online brokerage headquartered in Menlo Park, California, has received in-principle approval from Singapore's Monetary Authority (MAS) to offer securities and exchange-traded derivatives trading in the city-state.

The approval also permits Robinhood to provide custody services, product financing, and collective investment fund services. This milestone advances Robinhood's Asia expansion strategy, which the company announced in December 2024 when it designated Singapore as its regional headquarters. Robinhood has also secured a separate Singapore license for crypto trading through Bitstamp and acquired two Indonesian brokerages in 2025.

The in-principle approval is a staged step; Robinhood must meet additional conditions to obtain a full license, and the MAS retains the right to revoke the approval if issues arise. The Singapore move is part of Robinhood's broader initiative to build a global financial "super app" integrating banking, investing, and retirement services across multiple markets including the UK and European Union.