THELOGICALINDIAN - Singapore February Feb 8 2024 Cryptocurrency barter AAX opens its doors to Singapore users afterwards actuality accepted the Monetary Authority of Singapore MAS Exemption of Provision of Digital Payment Token Services aftermost year The barter has submitted its authorization appliance to the MAS and is committed to ambience up a committed Singapore authorization to cryptocurrency belvedere acknowledging key cryptocurrencies such as BTC ETH BCH LTC and added key cryptocurrencies with SGD alone for Singapore users The barter additionally affairs to body a bounded attendance in Singapore with key functions such as acquiescence business treasury annual management
In accouterment to both retail and institutional investors, AAX is accepted for operating LSEG Technology’s Millennium Exchange, the aforementioned analogous agent that admiral London Stock Exchange. In December 2020, the crypto belvedere alien Singapore Dollars (SGD) authorization on- and off-ramps for traders forth with 10 added all-around authorization currencies.
“Singapore is absolutely at the beginning of banking innovation, because its position as one of the capital business hubs in the Asia Pacific and its advanced access to regulation,” says Thor Chan, CEO of AAX.
In January, authorization purchases of cryptocurrency on the belvedere surpassed November’s amount aural the aboriginal bristles canicule of January, with $1.5 actor account of agenda assets added to portfolios.
After aloof one year in business, AAX has acquired 500,000 users globally and has ranked in the top 5 on TokenInsight’s liquidity ranking.
About AAX
AAX is a deep-liquidity and acutely trusted cryptocurrency barter that is advantaged by added than bisected a actor users. Powered by London Stock Exchange’s LSEG Technology, AAX offers crypto futures contracts, 50 atom pairs, P2P authorization trading, accumulation products, and top-grade API connectivity. AAX enables users to buy bitcoin calmly via its OTC or Fast Buy platforms and supports over 20 authorization currencies.
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