Blockchain.com has become the latest cryptocurrency exchange
Cryptocurrency Exchange
A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading environment suitable for traders nested through different locations around the world. Sometimes a crypto exchange may be referred to as a digital currency exchange (DCE) for short.How Does Trading Take Place on a Crypto Exchange?Cryptocurrency trading occurs over a centralized exchange, although these crypto exchanges should be used with caution given the implications that surround the custody of new assets. Similar to the banking industry, when a crypto exchange holds cryptocurrencies of users they accrue interest and are no longer classified as client money.These provide an accessible platform for not only companies, hedge funds, and retail traders for exchanging digital currencies.Additionally, crypto exchanges serve a critical role in producing stability within the cryptocurrency sector given how the sourcing and pricing of these assets are innately volatile. One could think of a crypto exchange as an intermediary who provides a service by connecting buyers and sellers from various markets under one roof. In exchange for facilitating trades and for services rendered, a digital currency exchange generally collects a fee of an outgoing transaction that averages between 0.20% to 0.25% or will request a deposit fee that has been known to be as high as 11% for credit card deposits. Crypto exchanges may also support the exchange of crypto tokens, such as the Binance Token, which is ranked as the 9th most valuable cryptocurrency in the world.
A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading environment suitable for traders nested through different locations around the world. Sometimes a crypto exchange may be referred to as a digital currency exchange (DCE) for short.How Does Trading Take Place on a Crypto Exchange?Cryptocurrency trading occurs over a centralized exchange, although these crypto exchanges should be used with caution given the implications that surround the custody of new assets. Similar to the banking industry, when a crypto exchange holds cryptocurrencies of users they accrue interest and are no longer classified as client money.These provide an accessible platform for not only companies, hedge funds, and retail traders for exchanging digital currencies.Additionally, crypto exchanges serve a critical role in producing stability within the cryptocurrency sector given how the sourcing and pricing of these assets are innately volatile. One could think of a crypto exchange as an intermediary who provides a service by connecting buyers and sellers from various markets under one roof. In exchange for facilitating trades and for services rendered, a digital currency exchange generally collects a fee of an outgoing transaction that averages between 0.20% to 0.25% or will request a deposit fee that has been known to be as high as 11% for credit card deposits. Crypto exchanges may also support the exchange of crypto tokens, such as the Binance Token, which is ranked as the 9th most valuable cryptocurrency in the world. Read this Term to receive regulatory approval from the Monetary Authority of Singapore (MAS), according to a Reuters report.
The announcement came only a day after its rival Coinbase revealed its new Singapore in-principal license. With the MAS approval, the crypto exchanges can legally offer crypto products in the city-state.
Singapore is a major financial center in the Asia Pacific region. In addition, it became a favorite base for crypto companies for its proximity to several major regional markets in Southeast Asia.
However, the MAS became one of the stringent regulators for crypto startups with strict regulatory requirements. The latest approval of Blockchain.com only took the number of MAS-approved crypto companies to 18, while the Singapore regulator has received around 180 applications for crypto payments licenses since 2020.
Other companies to obtain the crypto license in the Southeast Asian city-state are Crypto.com and DBS Vickers, among others.
A Major Crypto Platform
Blockchain.com, which is valued at $14 billion, is one of the prominent crypto exchanges in the market. It was founded in 2011 as a crypto wallet and later expanded its services to other areas of the industry.
The platform processed over $1 trillion in cryptocurrency transactions and has 84 million wallet holders from 200 countries. Interestingly, half of its business now comes from institutions.
Additionally, the company is bullish on the future prospect of its Singapore presence as the new license will help to grow its institutional customers and team.
Last month, Blockchain.com received a provisional license from the crypto regulator of Dubai. This shows the focus of the company on expanding its footprint in several Asian markets. Meanwhile, several other crypto platforms, including Binance and Crypto.com, also received approval from Dubai’s VARA to set up regulated businesses in the Middle East.
Blockchain.com has become the latest cryptocurrency exchange
Cryptocurrency Exchange
A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading environment suitable for traders nested through different locations around the world. Sometimes a crypto exchange may be referred to as a digital currency exchange (DCE) for short.How Does Trading Take Place on a Crypto Exchange?Cryptocurrency trading occurs over a centralized exchange, although these crypto exchanges should be used with caution given the implications that surround the custody of new assets. Similar to the banking industry, when a crypto exchange holds cryptocurrencies of users they accrue interest and are no longer classified as client money.These provide an accessible platform for not only companies, hedge funds, and retail traders for exchanging digital currencies.Additionally, crypto exchanges serve a critical role in producing stability within the cryptocurrency sector given how the sourcing and pricing of these assets are innately volatile. One could think of a crypto exchange as an intermediary who provides a service by connecting buyers and sellers from various markets under one roof. In exchange for facilitating trades and for services rendered, a digital currency exchange generally collects a fee of an outgoing transaction that averages between 0.20% to 0.25% or will request a deposit fee that has been known to be as high as 11% for credit card deposits. Crypto exchanges may also support the exchange of crypto tokens, such as the Binance Token, which is ranked as the 9th most valuable cryptocurrency in the world.
A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading environment suitable for traders nested through different locations around the world. Sometimes a crypto exchange may be referred to as a digital currency exchange (DCE) for short.How Does Trading Take Place on a Crypto Exchange?Cryptocurrency trading occurs over a centralized exchange, although these crypto exchanges should be used with caution given the implications that surround the custody of new assets. Similar to the banking industry, when a crypto exchange holds cryptocurrencies of users they accrue interest and are no longer classified as client money.These provide an accessible platform for not only companies, hedge funds, and retail traders for exchanging digital currencies.Additionally, crypto exchanges serve a critical role in producing stability within the cryptocurrency sector given how the sourcing and pricing of these assets are innately volatile. One could think of a crypto exchange as an intermediary who provides a service by connecting buyers and sellers from various markets under one roof. In exchange for facilitating trades and for services rendered, a digital currency exchange generally collects a fee of an outgoing transaction that averages between 0.20% to 0.25% or will request a deposit fee that has been known to be as high as 11% for credit card deposits. Crypto exchanges may also support the exchange of crypto tokens, such as the Binance Token, which is ranked as the 9th most valuable cryptocurrency in the world. Read this Term to receive regulatory approval from the Monetary Authority of Singapore (MAS), according to a Reuters report.
The announcement came only a day after its rival Coinbase revealed its new Singapore in-principal license. With the MAS approval, the crypto exchanges can legally offer crypto products in the city-state.
Singapore is a major financial center in the Asia Pacific region. In addition, it became a favorite base for crypto companies for its proximity to several major regional markets in Southeast Asia.
However, the MAS became one of the stringent regulators for crypto startups with strict regulatory requirements. The latest approval of Blockchain.com only took the number of MAS-approved crypto companies to 18, while the Singapore regulator has received around 180 applications for crypto payments licenses since 2020.
Other companies to obtain the crypto license in the Southeast Asian city-state are Crypto.com and DBS Vickers, among others.
A Major Crypto Platform
Blockchain.com, which is valued at $14 billion, is one of the prominent crypto exchanges in the market. It was founded in 2011 as a crypto wallet and later expanded its services to other areas of the industry.
The platform processed over $1 trillion in cryptocurrency transactions and has 84 million wallet holders from 200 countries. Interestingly, half of its business now comes from institutions.
Additionally, the company is bullish on the future prospect of its Singapore presence as the new license will help to grow its institutional customers and team.
Last month, Blockchain.com received a provisional license from the crypto regulator of Dubai. This shows the focus of the company on expanding its footprint in several Asian markets. Meanwhile, several other crypto platforms, including Binance and Crypto.com, also received approval from Dubai’s VARA to set up regulated businesses in the Middle East.
Bitcoin 
Ethereum 
Tether 
BNB 
USD Coin 
XRP 
Lido Staked Ether 
Cardano 
Dogecoin 
Solana 
Polygon 
TRON 
Litecoin 
Polkadot 
Avalanche 
Binance USD 
Shiba Inu 
Dai 
Wrapped Bitcoin 
Uniswap 
LEO Token 
Chainlink 
Cosmos Hub 
OKB 
Monero 
Toncoin 
Ethereum Classic 
Stellar 
Bitcoin Cash 
Lido DAO 
TrueUSD 
Internet Computer 
Filecoin 
Quant 
Aptos 
Cronos 
Hedera 
Arbitrum 
NEAR Protocol 
VeChain 
ApeCoin 
The Graph 
Pax Dollar 
Frax 
EOS 
Algorand 
The Sandbox 
Rocket Pool 
Optimism 
MultiversX 