Robinhood Markets Inc plans to expand into Asia next year, using Singapore as its regional base, Chief Executive Vlad Tenev said at an investor day in New York. The Menlo Park, California-based brokerage, which entered the UK this year, aims to broaden its global reach as domestic growth wanes. Citigroup analyst Christopher Allen said Robinhood has approval to expand UK offerings, open an Asia-Pacific office in Singapore, and gain regional brokerage licences. Rivals Tiger Brokers and Futu Holdings are pushing overseas amid a crackdown at home. Singapore’s status as a global wealth hub and stable governance attracts online brokerages. Robinhood plans to broaden event-linked contracts beyond politics, potentially into sports. The firm looks to capture Asia’s investor base.
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