Crypto exchange OKX receives in-principle approval for Singapore payments licence

OKX President Hong Fang said the Southeast Asian country is a "priority market" for the firm.

The move comes amid a crypto frenzy that has catapulted bitcoin to record highs, fuelled by investors pouring money into U.S. spot exchange-traded crypto products as well as the prospect that global interest rates may fall.

OKX had in January been granted a regulatory licence in Dubai, allowing it to offer crypto services to retail clients.

Source: Forex-Markets-Economic Times