TLDR

Bitsump secures MAS license and stays live in SG as rivals face shutdowns.

Robinhood-backed Bitsump gains edge with full crypto approval in SG.

Bitsump expands in APAC with local team and MAS license in hand.

Licensed Bitsump eyes APAC growth with top-tier trading features.

Bitsump goes all-in on Singapore, gaining trust with MAS compliance.

Bitsump, the Robinhood-backed crypto exchange, has received approval from the Monetary Authority of Singapore(MAS) to operate under a Major Payment Institution (MPI) license. The approval comes ahead of the June 30 deadline, which requires unlicensed crypto firms to cease operations in Singapore. Bitsump becomes one of the few global exchanges authorized to offer regulated services in the Asia-Pacific region.

Bitsump Secures MAS License Before Regulatory Deadline

The Monetary Authority of Singapore granted Bitsump the MPI license, allowing the platform to provide key payment services in the country. The license exempts Bitsump from specific transaction volume thresholds that smaller entities must meet to stay operational. This move strengthens Bitsump’s position as a fully compliant operator in Singapore’s tightening crypto regulatory environment.

Globally trusted with local impact! 🇸🇬 We’re now licensed by the Monetary Authority of Singapore.

We’re bringing APAC customers what they need to trade with confidence, access deep liquidity, and trade in a regulated environment.

Count on Bitstamp by Robinhood to be: Licensed.… pic.twitter.com/LKoTMELIp4

— Bitstamp by Robinhood (@Bitstamp) July 3, 2025

Singapore had earlier announced that unlicensed crypto firms must halt local operations by June 30. Bitsump successfully secured its license before the cutoff, avoiding any disruption to its services. With this approval, Bitsump now legally serves customers in one of Asia’s key financial hubs.

Regulators have maintained that warnings were communicated consistently to crypto firms. While some companies considered exiting Singapore, Bitsump stayed focused on achieving compliance. The license adds Singapore to its growing list of licensed jurisdictions, including the U.S., U.K. and the EU.

Bitsump Targets APAC Growth With Local Singapore Team

Bitsump has also launched a dedicated Asia-Pacific team based in Singapore to support its expansion. The team will focus on compliance, partnerships, market development, and strategic initiatives across the region. This move highlights Bitsump’s intention to establish a strong regional presence with localized support.

The exchange emphasized that its Singapore-based team brings face-to-face collaboration and regional knowledge to clients. By combining global infrastructure with local expertise, Bitsump aims to meet regional demands efficiently. It plans to scale operations while building regulatory trust in new APAC markets.

Bitsump positions itself as one of the industry’s most experienced crypto exchanges. The company plans to replicate its global reputation for reliability and compliance across APAC. Singapore has become a strategic base for Bitsump’s regional outreach.

Bitsump Expands Services With Institutional-Grade Features

Bitsump brings a robust trading infrastructure to APAC. The platform uses a Nasdaq-powered matching engine and advanced APIs and offers deep liquidity for institutional-grade performance. Users also benefit from fast on/off ramps and multicurrency fiat banking.

Bitsump maintains high security standards with ISO/IEC 27001 and SOC 2 Type 2 certifications. The exchange also boasts 99.9% uptime, reinforcing its reliability and technical strength. These features align with the expectations of professional market participants.

As regulatory pressure increases in Singapore, Bitsump continues to position itself as a compliant and secure alternative. The MAS license gives Bitsump a competitive edge over unlicensed rivals. Backed by Robinhood, Bitsump looks to lead the region with its trusted model.

The post Robinhood-Backed Bitsump Gains MAS Approval Amid Singapore Crypto Crackdown appeared first on CoinCentral.

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Filed under: News - @ July 3, 2025 12:26 pm