ROBINHOOD Markets will expand into Asia next year, with its local headquarters to be in Singapore, chief executive officer Vlad Tenev said.
“We plan to be serving customers across Asia soon,” Tenev said on Wednesday (Dec 4) at the firm’s investor day in New York.
The global expansion announcement comes on the heels of the Menlo Park, California-based company entering the UK this year, offering some though not all of its trademark services to those customers.
Tenev also said the retail brokerage will expand its contracts offerings linked to specific events – potentially even to sports competitions – building on the firm’s success with those tied to this year’s US presidential race.
Robinhood shares climbed 3.5 per cent to US$39.98 at 3.14 pm in New York. They have more than tripled this year. BLOOMBERG
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