Monday, 15 April 2024

BiB Exchange expands into Asia with Singapore office launch

5 min read

BiB Exchange, a premier digital asset trading platform announced its initial launch phase in Singapore, marking a significant milestone in its global expansion strategy and compliance efforts.

BiB Exchange inaugurated its office in the city state on 8 September, 2023, at 111 Somerset Road. Established in 2021, the exchange aims to provide the Asian market with a variety of secure, transparent and convenient digital asset trading services in the form of a dynamic platform that combines cutting-edge centralised exchange (CEX) operations with an innovative non-fungible token (NFT) marketplace.

This integrated approach will empower users to seamlessly manage both crypto and NFTs within a single, user-friendly Web3 platform with access to a comprehensive suite of digital asset solutions and tools. BiB Exchange acknowledges that the Web3 space is in constant flux and is committed to providing next-gen trading tools that cater to an increasingly digital-savvy consumer base.

BiB Exchange’s wide range of Web3 solutions and services for both novice and expert traders include:

● Digital asset trading tools: Spot trading, futures trading, flash options, dual investment, mock trading
● Copy trading: Replicate trading strategies employed by experienced traders. Benefit from their expertise and enhance users' potential for success in the crypto markets.
● Asset management: BiB Exchange's expert team manages users' digital assets with astute attention to detail, providing users with peace of mind and stable returns.

Wilson Tang, CEO of BIB Exchange, said: “Singapore’s rapid development, innovation-driven economy, and blockchain-friendly regulatory environment make the city-state an ideal location for BIB Exchange’s advancement in its global compliance goals. In the next few years, we aim to lead the market in bulk and group transactions for digital assets, while maintaining a cryptocurrency advocate image for the grassroots community. Our focus is on promoting the use of blockchain payment applications and building ecological connections. Our ultimate goal is to move away from the profit-centric approach of traditional trading platforms and truly become a service-driven exchange.”

BiB Exchange prioritises security and transparency in its operational processes to earn the trust of its valued customers. The exchange is well aware that some centralised exchanges have faced significant global backlash and scrutiny due to their transparency issues and unscrupulous activities. Therefore, BiB Exchange would like to lead by example by ensuring utmost transparency in its operations and business practices.

As part of BiB Exchange’s transparency and licensing commitment, the exchange has obtained dual MSB licences in both the United States and Canada. BiB Exchange also undergoes stringent audits by Armors Labs, an industry-leading blockchain audit firm.

Additionally, its native BiB token has been successfully listed on reputable crypto tracking sites such as CoinMarketCap and CoinGecko. The team is in the process of obtaining necessary MAS licences to become a full-fledged crypto trading solutions provider in Singapore.

Re-disseminated by The Asian Banker

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