Recommended options for Singapore based investors to shift assets from Binance.com

Deadline: 2021-10-26 04:00 AM UTC (12:00 PM UTC+8)

Last updated on 26 Mar, 2022 1 min read

“With effect from 2021-10-26 04:00 AM UTC (12:00 PM UTC+8), users in Singapore will not be able to access certain functions on Binance.com including fiat deposit services, spot trading of cryptocurrencies, the purchase of cryptocurrencies through fiat channels and liquid swap (“Regulated Payments Services”).”

“As the market leader, Binance constantly evaluates its product and service offerings. We will be restricting Singapore users in respect of the Regulated Payments Services in-line with our commitment to compliance. Users in Singapore are advised to cease all related trades, withdraw fiat assets and redeem tokens by Wednesday, 2021-10-26 04:00 AM UTC (12:00 PM UTC+8) to avoid potential trading disputes.”

Source: Binance.com

With this latest development, Singapore based investors are searching for reliable crypto platforms to transfer their assets into.

We recommend choosing platforms operating in Singapore which are either regulated by Monetary Authority of Singapore (MAS) under the Payment Services Act, or have applied for a licence while operating under a licence exemption.

List of platforms licensed and regulated by MAS

List of platforms operating under licence exemption from MAS

Non-exhaustive list:

Remember to check if the chosen platforms support deposits of the particular cryptocurrencies you are holding on to at Binance.com.
Binance.com Singapore
Admin
Admin

Started investing in crypto towards the end of 2020.

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