---
title: "Robinhood Secures Singapore Approval As HOOD Retests $80 Support"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283876321.md"
description: "Robinhood Markets has received in-principle approval from Singapore's Monetary Authority to offer brokerage services through Robinhood Singapore Pte. Ltd. This approval allows trading of securities and derivatives, positioning Singapore as Robinhood's Asia-Pacific headquarters. However, it is not a full license yet, as conditions must be met for final authorization. Meanwhile, HOOD stock is retesting the 20 EMA at $80, with key support and resistance levels identified for future trading activity."
datetime: "2026-04-23T17:56:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283876321.md)
  - [en](https://longbridge.com/en/news/283876321.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283876321.md)
---

# Robinhood Secures Singapore Approval As HOOD Retests $80 Support

**Robinhood Markets** (NASDAQ:HOOD) received in-principle approval from the Monetary Authority of Singapore to offer brokerage services.

### The Singapore Milestone

The in-principle approval allows Robinhood to offer trading of securities, exchange-traded derivatives, custody, product financing, and collective investment funds through its local entity, Robinhood Singapore Pte. Ltd.

“Singapore’s world-class regulatory environment, high rates of digital adoption, and growing population of retail investors make it the ideal hub for our mission,” said **Patrick Chan**, Head of Asia for Robinhood.

Singapore will serve as Robinhood’s Asia-Pacific headquarters. The firm’s subsidiary Bitstamp Asia Pte. Ltd. already holds a Major Payment Institution license from MAS.

### Not A Full License Yet

The in-principle approval is not a license at this stage. MAS said a license will only be issued if conditions are met and there are no material adverse developments. 

The regulator retains the right to withdraw approval.

Singapore uses a phased licensing framework for brokers, moving from in-principle approval to full authorization once they meet the required conditions.

Capital.com has been seeking a risk manager in Singapore as part of its MAS license application.

### HOOD Technical Setup

After peaking near $158 in November 2025 and getting cut nearly in half by February 2026, HOOD has been recovering inside a rising channel from the $63 lows. 

The recent bounce from the channel floor to $93 was sharp.

Today’s pullback is simply a retest of the 20 EMA at $80.19—healthy behavior after a strong run. 

The SAR at $76.96 is the bull/bear line in the sand. Above it, the daily trend stays positive.

The 100 EMA at $89.50 and 200 EMA at $91.82 are the next resistance levels overhead, both within striking distance.

### Key Levels For HOOD

Support sits at $80.19 (20 EMA), then $81.41 (50 EMA), then $76.96 (SAR). 

Resistance clusters at $89.50 (100 EMA), then $91.82 (200 EMA), then $100.

Hold $80-$82 on this pullback and the channel recovery stays intact with $100 as the next major target.

_Image: Shutterstock_

### Related Stocks

- [HOOD.US](https://longbridge.com/en/quote/HOOD.US.md)
- [SSTK.US](https://longbridge.com/en/quote/SSTK.US.md)

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