Coinbase has been working to increase its presence in the Lion City. Last year, the crypto company announced Singapore as a tech hub for Coinbase. Since then, the exchange has hired and trained product managers and engineers on Web3 technologies. The announcement further detailed that the team leading the firm’s venture business, Coinbase Ventures, has…
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Singapore as a trading hub The platform’s launch in Signapore is a strategic move for the company, as well as the Singapore regulator. MAS has already revealed its plans to strengthen Singapore as a major trading and corporate treasury hub. Breteau added: Singapore is the third largest FX trading centre globally and the largest in…
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Darren Boulos, Head of FX Sales and Trading in Asia-Pacific at BNY Mellon said: We've spent the past four years fully integrating and accentuating our global FX capabilities, and this is just the next step in the bank's commitment to the region, specifically to Singapore as the hub of our Asia G10 FX trading. "With…
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The financial regulator in Singapore, the Monetary Authority (MAS) has just announced the introduction of the Payment Services Act (PSA), which aims to serve as the new regulatory framework for cryptocurrency payments. The new framework will promote and boost the consumer confidence in transaction with digital assets, believes the regulator. The legislation was passed in…
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In Singapore, blockchain is moving with lightning speed, it seems. AirCarbon Pte, based in Singapore, has just launched the world's first blockchain-based carbon trading exchange. What this will allow corporates and airlines to do is buy and sell tokens backed by carbon credits, which are all approved by ICAO (the International Civil Aviation Organisation.). According…
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The Monetary Authority of Singapore (MAS) has yesterday shared with the pubic that new initiatives were underway to strengthen capital market activities between Singapore and China. The initiatives were discussed at the 15th Joint Council for Bilateral Cooperation between Singapore and China and aim to facilitate the growing interest of financial institutions based in Singapore…
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The Monetary Authority of Singapore (MAS) has announced on Tuesday that it has made the following new retail regulations: Retail investors will now have access to 20:1 leverage (previous leverage was 50:1). As stated in the announcement, exemption from the new measures are only specified holders of a licence who maintain a base capital of…
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Euronext has announced that it has successfully launched the Euronext FX in Singapore. The venue was launched months ahead of schedule with the first spot foreign exchange trades occurring on September 9, 2019 between two global banks. LeapRate reminds that the pan-European exchange in the Eurozone announced the rebranding of FastMatch, its Electronic Communication Network…
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Limestone Network is a startup based in Singapore that aims to disrupt the urban environment in Southeast Asia by using blockchain to build smart cities. The first planned project comprises a 100-hectare land in Phnom Penh. The project is backed up by private investors and it will affect approximately around 200,000 people on a daily…
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Leaprate Exclusive... Edgewater Markets, the NFA-registered non-bank FX liquidity provider, has just informed LeapRate that it has welcomed aboard Rick Lloyd as Director of eFX Sales out of its Singapore office. Rick Lloyd brings a wealth of experience in the Foreign Exchange markets space spanning over 30 years of industry expertise working for corporate and…
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