Robinhood spent $200 million to acquire the Bitstamp exchange in June this year.
In early July, Bitstamp obtained the major payment license from Singapore's MAS, opening up the U.S. and Asia-Pacific markets.
Spending $200 million to buy a Singapore licensed CEX exchange is quite a bargain.
Speaking of which, Singapore has opened its doors to European and American exchanges; Coinbase, Gemini, and Crypto.com have all obtained licenses, and even South Korea's Upbit has gotten one.
Among the major Chinese exchanges, only OKX has obtained a Singapore license, while Binance, Bybit, and Bitget have all voluntarily exited.
Why?
