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Local Payment Rails, Global Vision: The Next Chapter for OKX Singapore

A message from OKX Singapore CEO Gracie Lin

Today, I'm proud to announce a significant milestone for our customers here in Singapore: we have launched instant, free-of-charge SGD deposits and withdrawals, facilitated by DBS. As one of the largest global exchanges to build this local infrastructure, this is a big step towards making digital assets more accessible for everyone in the country.

Why this matters

Having spent years in the financial and technology sectors, I've seen firsthand how the right infrastructure can transform customer experiences. Our local payment rails solve key friction points when it comes to interacting with the digital asset space by offering instant, zero-fee SGD deposits and withdrawals via PayNow and FAST respectively.

These innovations allow users to trade on our app or web platform easily with SGD using payment methods they already know and trust without the need for multiple conversions. For more information on how to deposit and withdraw SGD on our platform, please click here.

Security and compliance: our top priorities

As a licensed platform holding a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), security and regulatory compliance are the heart of everything we build.

Our local payment rails integration provides bank-grade security through Singapore's established banking infrastructure, while operating within MAS' regulatory framework.

We also recently implemented Singpass verification for streamlined customer onboarding, which now can be completed in about a minute.

This is how we're building responsibly in Singapore: combining innovation with the security standards customers expect from traditional finance.

Looking ahead

As CEO of OKX SG, I see this milestone as just the beginning of our journey in Singapore. Our growing local team is already working on the next phase of improvements to meet customer demand as we continue to fulfill our commitment to bringing an enhanced trading experience, flexibility and new opportunities to the market. And, true to our principles, every new feature we build is designed with security and compliance in mind.

My vision for our platform in Singapore is clear: to build a digital asset platform that truly works for local customers. I invite you to experience these improvements firsthand. Your feedback directly influences how we enhance our platform, and we look forward to building this future together with you.

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本文内容仅供信息参考,可能涉及您所在地区无法提供的产品。对于本文中任何事实错误或遗漏,我们不承担任何责任。本文不旨在提供:(i) 投资建议或投资推荐;(ii) 购买、出售或持有数字资产的要约或招揽;或 (iii) 财务、会计、法律或税务建议。
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相关信息:数字资产交易服务由 OKX Australia Pty Ltd (ABN 22 636 269 040) 提供;关于衍生品和杠杆交易的信息由 OKX Australia Financial Pty Ltd (ABN 14 145 724 509,AFSL 379035) 提供,仅适用于《2001年公司法》(Cth) 下定义的大额客户;其他产品和服务由提供这些产品和服务的相关 OKX 实体提供 (请参阅服务条款)。
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