PANews reported on December 5 that according to Bloomberg, Robinhood plans to expand to the Asian market by 2025 and will set up a regional headquarters in Singapore. CEO Vlad Tenev said at the investor day that the company will provide services to Asian customers, and this expansion is a further globalization layout after entering the UK market.
Robinhood also plans to obtain brokerage licenses in the Asia-Pacific region, while launching more innovative products, including contract trading linked to specific events (such as sporting events). This expansion will put Robinhood in direct competition with competitors in the Asian market such as Tiger Brokers and Futu Holdings, which have also been accelerating their global expansion in recent years.
