U.S.-based online brokerage Robinhood Markets plans to establish a regional headquarters in Singapore in 2025 as part of its Asian expansion plans, according to Bloomberg.

This expansion follows the company’s entry into the UK earlier this year and reflects Robinhood’s strategy to broaden its reach beyond its US home base, where trading activity has declined following a pandemic-driven peak.

The move into Asia is expected to intensify competition in the online brokerage sector.

Chinese companies such as Tiger Brokers and Futu Holdings have been expanding their presence in the region, prompted by regulatory shifts in their domestic market.

Singapore, recognized as a leading wealth management center with a stable legal and political environment, has become a strategic location for these firms.

Citigroup analyst Christopher Allen reported that Robinhood has the green light to expand its product range in the UK and will be establishing an Asia-Pacific office in Singapore, along with acquiring the necessary brokerage licenses.

Beyond its Asian expansion, Tenev also outlined plans to broaden Robinhood’s offerings in contracts linked to specific events, potentially including sports competitions.

This builds on the company’s success with contracts tied to the recent US presidential election.

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