has launched a new exchange in after months of anticipation, TechCrunch on April 23, albeit with limited features.
Users of the platform are only able to purchase () using Singapore dollars (SGD,) meaning far fewer pairs are available for consumers compared with the company’s main exchange.
The Singapore website that the service is being offered in conjunction with Xfers, a local payment service that claims to offer a approved by Singaporean regulators. Three steps are listed for new : creating an account with Singapore, linking their Xfers account, and beginning to buy and sell as they wish.
A spokesperson told TechCrunch: “ is excited to bring world-class technology to Singapore and we look forward to showcasing ’s tier one safety and security measures to the world. /SGD is the initial pair Singapore is offering with the soft launch and there may be more pairs added as regulations allow.”
As Cointelegraph earlier in April, CEO Changpeng Zhao () had said was planning to open the branch in Singapore at some point this month — but further details about the fiat-to-crypto exchange service were not forthcoming. Last September, he that private beta testing for the service was about to begin.
Vertex Ventures, a subsidiary of Temasek Holdings — an investment company based in Singapore and owned by the government — last October that it was investing in to fuel its expansion to the country.
At press time, is the world’s second-largest crypto exchange by volume,according to .
Also on April 23, the company it has launched its decentralized platform () ahead of schedule — one week after the native that will power it, Chain, .
Although DEX is only going to be available to the public at a later date, a two-month testnet period has reportedly seen 8.5 million transactions run across a simulated environment.
Published at Thu, 25 Apr 2019 02:07:46 +0000
