Following reports that only four out of a total of 20 cryptocurrency firms were granted the same license in early , Zipmex now joins the growing list of firms operating in Thailand. Having begun the process early in , Zipmex had to meet several stringent conditions prior to receiving the green light from Thailand's Ministry of Finance and SEC. Attaining the regulatory nod from Thailand's Securities and Exchange Commission SEC puts the young Asian cryptocurrency firm on the global map, adding credibility to their remarkable growth in present time. Nothing short of a major achievement for the young cryptocurrency platform, Co-founder of Zipmex and CEO of the exchange's Thailand unit expressed:.
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- Thailand’s SEC Grants License to Crypto Exchange Platform Zipmex
- Daily funding roundup - January 11th, 2021
- Asia-based crypto exchange Zipmex secures $41M USD in Series B funding
- Zipmex Invites Young People to Invest in Crypto Assets
- Blockchain Founders Fund Announces First Close of $75 Million Venture Fund
- Crypto Platform Zipmex Announces Senior Hires
- Proud Limpongpan
- A $41 million Zipmex funding round boosts MUFG’s cryptocurrency exposure
- Thai SEC Grants License to Asian Crypto Exchange Zipmex
- Crypto Exchange Zipmex Raises $41M in Series B to Further Its Banking Services
Thailand’s SEC Grants License to Crypto Exchange Platform Zipmex
Zipmex , the fully licensed global digital assets exchange, announced the closing of its latest funding round. The round is headlined by Jump Capital, a US venture capitalist firm specialising in data-driven tech companies such as institutional cryptocurrency financial services provider BitGo and global investing community TradingView.
Akalarp Yimwilai. It is spearheading the next generation of feasible and secure asset investments by scouring the world for exciting investment and diversification products, then making them available on its free, easy-to-use apps and websites. Its portfolio comprises over 60 companies across the fintech, IT and data infrastructure, B2B SaaS, and media sectors. We look forward to working closely with the Zipmex team as they continue to lead the industry in innovation and quality of service.
The raise comes at a time when digital asset investing is soaring. To capitalise on this trend, Zipmex recently completed the successful launch of its innovative savings product ZipUp and its exchange token ZMT. ZipUp offers retail investors up to Earnings are paid daily, there is no fixed term, and no minimum deposit amount.
A total of million ZMT tokens will be minted and distributed over a four-year period. This is a very exciting time to be disrupting the finance sector. Shared :. Top news. Scientists develop tool for 'printing' cheap quantum computers' 'processors' using atoms. Top trends that will define the cybersecurity landscape in
Daily funding roundup - January 11th, 2021
Co-led by TNB Aura and B Capital, the list of investors includes publicly traded companies, international venture capitalists, and a landmark Thai bank. The funds will fuel aggressive expansion in Singapore, Thailand, Indonesia, and Australia, and to continue launching new and innovative products to revolutionise finance in the four key markets. Zipmex, a major and fast-growing contender for the title of Asia-Pacific's leading digital asset exchange, announced the closing of its Series B funding round. In an industry-first move, publicly traded companies, a major Thai bank and international venture capital firms pulled together to boost this startup further into orbit, a clear signal that digital assets have entered the mainstream in a major way. As the only exchange operating and legally compliant in Singapore, Thailand, Indonesia, and Australia, Zipmex is on a mission to educate, excite and enrich everyday people by breaking down barriers to crypto with its easy-to-use platforms. Users get access to a variety of financial services, such as market-leading interest-bearing accounts.
Asia-based crypto exchange Zipmex secures $41M USD in Series B funding
Zipmex is a cryptocurrency exchange headquartered in Singapore, servicing residents from Thailand, Singapore, Indonesia and Australia. Its latest round of funding has largely come from a partnership with Thailand's fifth-largest bank, the Bank of Ayudhya. This bank is one of the few globally, and the first in South-East-Asia, to significantly contribute to the development of a cryptocurrency platform, according to a press release from Zipmex. Fully licensed and regulated in Australia and Indonesia, Zipmex is in the process of finalising its compliance with Thai and Singapore regulatory laws. Founded in , Zipmex's exchange has focussed on crypto-to-fiat spot markets aimed at novice investors in the SEA region, offering an easily accessible platform for digital assets. With this new round of funding in tow, Zipmex aims to expand its features. Headlining the platform's new functions is ZipWorld, a space intended to bridge the gap between digital currency and the 'real world', offering its users the ability to 'unlock' unique lifestyle products and 'one-of-a-kind experiences' with Zipmex's native ZMT token. Furthermore, this newly raised capital will be significant for Zipmex's clientele expansion efforts, with CEO Marcus Lim aiming to double their userbase to exceed 'one million within the next six months'. This will involve a specific focus on growing their Australian and Singaporean markets.
Zipmex Invites Young People to Invest in Crypto Assets
According to an announcement issued on Wednesday, with the funding round closed, Talisman is looking to launch a wallet extension by Nov. Talisman is reportedly building the first DotSama asset dashboard with features such as staking of KSM and other parachain assets, Karura integration for decentralized exchange swapping and Polkadot Crowdloan support. Other core features in the planned Talisman roadmap includes NFT support, Shiden Dapp staking, and third-party fiat on-ramps. The announcement also stated that with the seed funding secured, the team is looking to expand while adding more essential features to help users interact with the DotSama paraverse ecosystem. As previously reported by Cointelegraph, the first round of parachain auctions was completed back in June with round two currently ongoing.
Blockchain Founders Fund Announces First Close of $75 Million Venture Fund
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Crypto Platform Zipmex Announces Senior Hires
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For the exchange, the plan is to use the new funding to double its current user base to one million over the next six months. Zipmex is currently the only licensed digital asset platform in Thailand, operates under regulatory oversight in Indonesia and Australia, and has a regulatory exemption notified in Singapore. Currently, the Singapore-headquartered exchange has about half of its business in Thailand, one-fifth in Indonesia, and the rest in Singapore and Australia, according to CEO Marcus Lim.
A $41 million Zipmex funding round boosts MUFG’s cryptocurrency exposure
This marks a milestone for Zipmex, which has considered a pair of companies taking an hobby in this round. This funding will enable us to proceed to construct out the Zipmex ecosystem to bring extra price, experiences, and modern products to our community. ZipSpend is a payment resolution for businesses making an try to accept cryptocurrency. It has already facilitated several regional firsts in luxurious autos, art work, and property transactions.
Thai SEC Grants License to Asian Crypto Exchange Zipmex
By Sheila Chiang. The investment by Bank of Ayudhya marks the first time that a bank in Southeast Asia is investing in a digital asset platform, according to a statement by Zipmex on Tuesday. Founded in , Zipmex allows users to buy, sell, and earn interest on digital assets such as bitcoin and ethereum on its app and website. The startup claims it stands apart from other digital assets exchanges as a digital assets bank. It currently operates in Indonesia, Australia, Singapore, and Thailand.
Crypto Exchange Zipmex Raises $41M in Series B to Further Its Banking Services
Zipmex will use the funds to recruit fresh talent while paying close attention to regulatory constraints. Simultaneously, the cryptocurrency exchange will continue to advertise its goods, extending its reach into two key markets: Indonesia and Thailand. The Zipmex staff works to stay abreast of current industry advancements.