Singapore-based trading platform Bingbon announces that it has inked a partnership with software solution XanPool. It allows Bingbon to add new fiat currencies in a regulatory-compliant manner.
Bingbon has its presence in Southeast Asia upgraded
According to a press release shared with U.Today, with the new software kit by XanPool, users in eight countries can trade crypto securely and instantly with their local fiat currencies.
The initial batch of currencies added includes Thai Bahts (THB), Singapore Dollars (SGD), Malaysian Ringgits (MYR), Hong Kong Dollars (HKD), Philippine Pesos (PHP), Indonesian Rupiahs (IDR), Indian Rupees (INR) and Vietnamese Dongs (VDN).
To ensure a high-speed and safe payment experience, top-notch payment processors only are chosen as the partners of the new integration.
Namely, THB will be processed by PromptPay, SGD will support PAYNOW and MYR users will interact with DuitNow. HKD deposits will be transferred through FPS while Indian and Vietnamese local currencies will utilize UPI and VIB banking services, respectively.
Daly Young, chief product officer at Bingbon, highlighted the significance of this partnership for expanding the user base in Asia:
XanPool's unique and diverse payment methods give us an upper advantage in the industry by allowing us to cover a wider demographic of clientele.
The integration has gone active, so users can purchase digital assets with their local currencies in a few seconds by clicking the "Buy Crypto" button.
Spot & derivatives trading with low fees
Launched in 2018, Bingbon exchange listed trading pairs with many types of assets: cryptocurrencies, global indices, commodities, foreign exchange pairs (ForEx), etc. In the digital assets trading section, Bingbon offers trading pairs with crypto behemoths (Bitcoin, Ethereum, XRP), red hot assets from decentralized financial protocols and related instruments (Uniswap, Chainlink, Polkadot), "Ethereum killers" (Cardano, Tezos, Tron) and reliable stablecoins.
All assets are available in the form of perpetual swap contracts while Bitcoin, Ethereum, USDT and USDC can also be exchanged in one click. Users can choose the appropriate leverage in the margin trading section.
Besides ordinary trading functions, Bingbon has released an automatic copy trading dashboard that allows them to follow experienced traders in a transparent and intuitive manner.
XanPool is a fiat on-boarding instrument (gateway) powered with an automated KYC (know-your-customer) module. It acts as an intermediary between crypto trading ecosystems and local fiat processors. With XanPool, both deposits and withdrawals are available in numerous world currencies. The conversion rates are updated in real-time mode to guarantee the most profitable trading experience.