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Robinhood plans to launch in Asia in 2025, with S'pore HQ
The Straits Times
|December 06, 2024
US online brokerage to acquire trading licences in region as part of global expansion plan
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NEW YORK - Robinhood Markets will expand into Asia in 2025, tapping Singapore as its local base in the region, chief executive Vlad Tenev said.
"We plan to be serving customers across Asia soon," Mr Tenev said on Dec 4 at the firm's investor day in New York.
The global expansion announcement comes on the heels of the US-based company entering Britain in 2024, offering some, though not all, of its trademark services to customers there.
In the past year, Robinhood has been seeking to expand in international markets, as the financial technology giant hunts for growth beyond its home market, where trading activity has waned following a pandemic-induced boom.
Cette histoire est tirée de l'édition December 06, 2024 de The Straits Times.
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