Cryptocurrency change OKX now permits clients to deposit and withdraw Singapore {dollars} with none charges through PayNow and Quick and Safe Transfers.
Crypto change OKX stated in a press launch on Monday, Nov. 18, that it could present zero-fee Singapore greenback deposits and withdrawals by PayNow and Quick and Safe Transfers fee companies.
The brand new function, accessible for patrons in Singapore, is facilitated by DBS, a Singaporean multinational banking big, the change stated.
OKX SG chief government Gracie Lin says working with DBS gives clients with “secure and seamless access to digital assets,” including that the change is engaged on introducing “more features soon” with out elaboration on the matter. In a commentary to Reuters, DBS’ head of digital belongings, institutional banking group Evy Theunis stated collaboration with OKX “deepens the bank’s wide-ranging involvement in this space.”
The brand new function comes two months after OKX secured a Main Cost Establishment license from the Financial Authority of Singapore, enabling it to supply crypto and cross-border cash switch companies in Singapore. That very same month the change additionally appointed Lin, a former official on the Financial Authority of Singapore, because the chief government of its Singapore department.
Previous to OKX, Lin was a part of the administration group at Seize, a Singaporean multinational know-how firm, heading the regional technique & economics group. Earlier than that, she held numerous positions at MAS and the sovereign wealth fund GIC.
