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Bitstamp is a global crypto exchange providing a safe and reliable platform where anyone can exchange traditional currencies for a range of the world's leading cryptocurrencies. Since 2011, Bitstamp has earned the trust of over four million individuals and financial institutions.
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Robinhood Receives In-Principle Approval to Launch Brokerage Business in Singapore
According to an official announcement, Robinhood has received in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) to launch brokerage services in Singapore, covering securities trading, exchange-traded derivatives, custody, product financing, and collective investment schemes. Robinhood stated that Singapore will serve as its Asia-Pacific headquarters to support its international expansion. Its subsidiary, Bitstamp Asia Pte. Ltd., already holds a Major Payment Institution (MPI) license issued by the MAS. Note that in-principle approval is not equivalent to a formal license; Robinhood Singapore Pte. Ltd. must still meet relevant conditions before receiving final approval to commence operations.
South Korean Nexon Group accelerates business restructuring, divesting cryptocurrency-related subsidiaries
South Korean gaming giant Nexon Group’s parent company, NXC, recently disclosed that it has completed the spin-off of its cryptocurrency-related subsidiaries and acquired European industrial solutions firm CLI Group B.V. through its Belgian investment arm, NXMH. In 2025, NXC reported revenue of KRW 5.1751 trillion, up 3.8% year-on-year; however, operating profit declined 17.4% year-on-year to KRW 960.9 billion, and net profit dropped sharply to KRW 85.9 billion due to a base effect. Regarding cryptocurrency holdings, as of end-2024, NXC held 2,356 bitcoins and 22,420 ether, with a total value of approximately KRW 147.6 billion—down 15.2% from the prior year. Meanwhile, NXC has sold its stake in overseas cryptocurrency exchange Bitstamp and decided to divest its entire equity interest in domestic cryptocurrency exchange Korbit; consequently, these entities are no longer consolidated into the group’s financial statements.