CEX.IO Plans to Expand Into Asian Market As They Apply For A Singapore MAS License

CEX.IO Plans to Expand Into Asian Market As They Apply For A Singapore MAS License

CEX.IO, the online cryptocurrency exchange, is planning to expand their exchange operations into the Asian market as the apply for a Singapore MAS License.

CEX.IO, the online cryptocurrency exchange, has applied for a Singapore MAS license in order to try and expand into the Asian cryptocurrency market. Although there have been instances of crackdowns and regulations in the cryptocurrency sphere in Asia, the Asian continent has continued to see increased demand for digital assets. In mid 2018, Asia ranked as the thirst largest market for cryptocurrencies and digital assets, accounting for almost 20% of global digital asset usage. With the continuation of this application, CEX.IO wants to establish themselves as a licensed Singaporean MAS to build up and create a strong presence in the continuously expanding Asian digital asset market. The expansion of CEX.IO into the Asian market aligns with their strategy to pursue long term business growth and become a global cryptocurrency exchange that can service both retail and institutional investors.

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