cryptocurrency exchange OKX We partnered with DBS We offer Singaporean customers instant and free deposits and withdrawals in Singapore Dollars (SGD).
These improvements are the first part of a broader effort to enhance OKX’s platform and provide users with a more streamlined and efficient experience.
Customers can now use PayNow to deposit SGD into their OKX account and withdraw funds via FAST, provided their bank is one of the 27 institutions participating in the service.
This simplifies fiat trading on the platform and provides users with faster and seamless access.
OKX has also introduced Singpass verification to further improve the user experience.
This allows customers to onboard in about a minute, reducing registration time by up to 90%.
These changes were made after OKX received a major payment institution license from the Monetary Authority of Singapore in September.
The license will enable OKX to offer digital payment tokens and cross-border remittance services in the country.
Gracie Lin, CEO of OKX Singapore, said:
“Working with DBS to provide payment rail infrastructure in Singapore will enable our customers to securely and seamlessly access their digital assets.
We look forward to introducing further features soon that will improve the customer experience, while delivering on our promise to always build responsibly and sustainably. ”
Featured image credit: Edited from unsplash
