Cryptocurrency

Major

Secure

Tornado Cash

Tornado

Cryptocurrency exchange OKX now enables customers to deposit and withdraw Singapore dollars without any fees via PayNow and Fast and Secure Transfers.
Crypto exchange <a href="https://crypto.news/tag/okx/" target="_blank" rel="noopener noreferrer nofollow">OKX</a> said in a <a href="https://www.globenewswire.com/news-release/2024/11/18/2982427/0/en/OKX-Launches-Instant-Zero-Fee-SGD-Deposits-and-Withdrawals-for-Singapore-Customers.html" target="_blank" rel="noopener noreferrer nofollow">press release</a> on Monday, Nov. 18, that it would provide zero-fee Singapore dollar deposits and withdrawals through PayNow and Fast and Secure Transfers payment services.
The new feature, available for customers in Singapore, is facilitated by DBS, a Singaporean multinational banking giant, the exchange said.
OKX SG chief executive Gracie Lin says working with DBS provides customers with “secure and seamless access to digital assets,” adding that the exchange is working on introducing “more features soon” without elaboration on the matter. In a <a href="https://www.reuters.com/technology/crypto-exchange-okx-launches-singapore-dollar-funds-transfer-service-local-2024-11-18/" target="_blank" rel="noopener noreferrer nofollow">commentary</a> to Reuters, DBS’ head of digital assets, institutional banking group Evy Theunis said collaboration with OKX “deepens the bank’s wide-ranging involvement in this space.”
You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/okx-taps-standard-chartered-as-crypto-custodian-for-institutional-clients/"> OKX taps Standard Chartered as crypto custodian for institutional clients </a>
The new feature comes two months after OKX <a href="https://crypto.news/okx-hires-ex-mas-official-as-singapore-branch-ceo/" target="_blank" rel="noopener noreferrer nofollow">secured</a> a Major Payment Institution license from the Monetary Authority of Singapore, enabling it to offer crypto and cross-border money transfer services in Singapore. That same month the exchange also appointed Lin, a former official at the Monetary Authority of Singapore, as the chief executive of its Singapore branch.
Prior to OKX, Lin was part of the management team at Grab, a Singaporean multinational technology company, heading the regional strategy &amp; economics team. Before that, she held various positions at MAS and the sovereign wealth fund GIC.
Read more: <a rel="noopener noreferrer nofollow" href="https://crypto.news/okx-to-close-accounts-interacting-with-tornado-cash/"> OKX to close accounts interacting with Tornado Cash </a>

OKX launches zero-fee Singapore dollar transfers via PayNow, FAST

crypto.news

Other articles published on Nov 18, 2024

Starknet v0.13.3 Is Expected To Be Launched Mainnet This Week

Trump’s Ally RFK Jr. Bets Everything On Bitcoin, Find Out Why

RENDER Price Breaks Key Trendline As Analyst Claims $30 Could Be Within Reach

Crypto.com to offer equities trading to Australians after acquiring Fintek

Trump Takes Action on Cryptocurrency Following Election Victory

The Game of The Year expected contenders revealed with some surprising snubs

Join our free newsletter for daily crypto updates!