- Regulated digital currency exchange provider Zipmex expands its footprint across Asia-Pacific region, launching platforms in Indonesia and Australia, with discussions underway for a Thailand-centric exchange.
- Zipmex aggregates volume from some of the world’s largest exchanges and OTC desks, aiming to provide significantly higher liquidity and most competitive price for users.
- Zipmex advisory board members include former Stock Exchange Thailand chairman Dr Sathit Limpongpan and Professor Dr Chaiya Yimwilai, the Vice Minister to the Deputy Prime Minister of Thailand.
- Zipmex has partnered with publicly listed trading and brokerage firm AEC Securities (AECS) in Thailand, to legitimise its offering in the Thai market.
August 12, 2019: Singapore-headquartered digital currency exchange provider Zipmex has expanded its operations in the Asia-Pacific region, launching its platform in Indonesia and Australia, bringing greater trading opportunities to local crypto traders.
Zipmex was co-founded by serial entrepreneur Marcus Lim who previously co-founded online marketplace Oneflare. In 2016 Fairfax Media purchased a 35 percent stake in Oneflare for AU$15 million.
Receiving support from some of Asia’s most prominent finance leaders, Zipmex’s advisory board members include Dr Sathit Limpongpan, the former chairman of Stock Exchange Thailand and Professor Dr Chaiya Yimwilai, the Vice Minister to the Deputy Prime Minister of Thailand.
“Zipmex not only brings a wealth of financial knowledge and expertise to the cryptocurrency market but a proven track record of funds management on both our core team and our advisory board,” said Mr Lim.
Zipmex will launch in Indonesia and Australia this week, with discussions underway for a Thailand-centric exchange.
The company has already partnered with publicly listed trading and brokerage firm AEC Securities (AECS) in Thailand, to legitimise its offering in the Thai market. AECS is regulated and complies with the laws of the Thailand Securities Exchange Commission.
In Indonesia, Zipmex has partnered with fintech leader Alto, an interbank network, which holds several payment licenses and has a money transfers business.
Zipmex has also registered with Australia’s top financial intelligence agency AUSTRAC, and will be the first cryptocurrency exchange to offer insurance on the custody of digital assets in Australia.
“Zipmex’s partnerships aligns with our aim to bridge the gap between the worlds of traditional finance and cryptocurrency, to be the Asia Pacific’s most trusted and legitimate digital assets exchange,” said Mr Lim.
Zipmex aggregates volume from some of the world’s largest exchanges and OTC desks, aiming to provide significantly higher liquidity and most competitive prices for users.
Zipmex also plans to be the first Asia Pacific cryptocurrency exchange to launch and support the world’s first fully audited, vaulted and insured gold-backed token, xbullion.
“For most exchanges operating locally, investment opportunities are limited to a small number of token offerings, which significantly hinders liquidity,” said Mr Lim.
“Most local exchanges are only providing the facility of buying and selling; Zipmex will enable margin trading, trade and deposit mining as well as synthetic US equities, which can all amplify your returns as an investor.”
Mr Lim said Zipmex had developed a multi-approval security process on its platform to adhere to the highest security standards.
“Zipmex will also offer 100 percent insurance on digital assets,” said Mr Lim.
Zipmex is a regulated digital currency exchange provider which is seeking to become a market leader in the Asia Pacific region by offering fast trades, high liquidity and a broad choice of cryptocurrencies.
About Zipmex
Zipmex is a digital currency exchange provider in the Asia Pacific region, offering faster trades, higher liquidity and a greater choice of assets. Zipmex offers 24/7 support, a suite of advanced trading features and charting tools and a platform that provides users with access to a liquid market for a wide selection of cryptocurrencies.
About AECS
AECS Securities is a publicly-traded company, which is regulated and complies with the laws of the Thailand Securities Exchange Commission. AECS has more than 5000 clients that trade actively on their brokerage platform. AECS provides corporate advisory services, including transaction and investment services for institutional clients.
About Alto
Alto is an Indonesian interbank network. Founded in 1993, Alto is one of three ATM switches in Indonesia and holds several payment licenses, including E Money, Transfer Dana and Payment Gateway. Alto is backed by Indonesia’s largest private bank lender, Bank Central Asia (BCA),
The post Singapore-Headquartered Crypto Exchange Zipmex Expands Asia-Pacific Footprint appeared first on Live Bitcoin News.
Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries.
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