The regulatory climate for crypto in Singapore is not the best at the moment, but Revolut, a U.K.-based firm working at the intersection of crypto and institutionalized finance, is launching a crypto trading service in the country anyway.

The recent lack of clarity in Singapore's regulatory frameworks for crypto and digital assets has led many investors and companies to either back down or withdraw from considerations of launching and supporting crypto-specific products in the country. Despite this, and despite the global market downturn, firms like Revolut are continuing to make inroads into the Singaporean market, specifically aiming at the country's crypto-savvy consumer base.

"We plan to provide educational features in the coming months to help customers better understand the trends …