Robinhood, the US-based brokerage firm known for its zero-commission model, is planning to expand into Asia next year. The company will open its regional headquarters in Singapore and has already gained approval to expand its product offering in the UK. Robinhood's entry into Asia follows its expansion in the UK and Europe. The company's cryptocurrency offerings have driven its growth domestically and internationally, with crypto trading volume doubling in the third quarter of 2024. Robinhood generated $637 million in total revenue during this period, with options trading remaining its largest revenue source. Additionally, the company is expanding its cryptocurrency products in Europe and recently announced the acquisition of TradePMR for $300 million.



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