Fintech (financial technology) has created numerous opportunities for disruptive economic entrepreneurship. More companies in Singapore are looking to provide services for buying and selling digital payment tokens (such as cryptocurrency) or a platform for exchanging such digital payment tokens.

As a result, the Monetary Authority of Singapore (MAS) enacted the Payment Services Act (PSA) to accommodate and regulate such payment service transactions, requiring any business that intends to provide digital payment token services first to obtain the necessary licences.

Recently, the Singapore-based arm of the US cryptocurrency exchange [Coinbase received Singapore's MAS "in-principle approval"](https://www.coinbase.com/blog/singapore-ipa-announcement)to provide crypto services in the country.

![Coinbase.PNG](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Coinbase_3caa112189.PNG)

Hassan Ahmed, CEO of Coinbase Singapore and the exchange's regional director for Southeast Asia, told in a statement that Singapore is a critical institutional market for the exchange in Asia because businesses there continue to show interest in crypto and digital advancements. 

According to Ahmed, the city-state also serves as Coinbase's Asia-Pacific tech hub, with an on-the-ground team of engineers in charge of the company's international expansion efforts and platform localisation.

With the new approval to offer Digital Payment Token services, Ahmed said [Coinbase](/news/article/blackrock-crypto) would seek to collaborate with regional platforms and expand its fiat capabilities. Coinbase was already offering services, including its institutional platform, under an exemption granted by MAS.

The exchange claims it has ongoing collaborations with regional Web3 organisations like the Singapore Fintech Association(SFA) and the Association of Crypto-Currency Enterprises and Start-ups (ACCESS).

## Other firms to qualify for in-principle approval

Under a new regime, approximately 180 crypto companies applied for a crypto payments licence with the Monetary Authority of Singapore in 2020. Following extensive due diligence, the country has granted 17 in-principle approvals and licences.

Among those who have received licences are Coinbase, [Crypto.com](/news/article/crypto.com-news-uk-approval), and DBS Vickers, the brokerage run by the country's largest bank DBS (DBSM.SI).
 



Coinbase gets Singapore in-principle approval for DPT license

The number of crypto trading platforms is ever-growing as the market continues to expand. But, often, it gets confusing to choose which one is right for you, especially if you are a beginner. So, to assist you in that, we are doing a [Coinmama](https://go.coinmama.com/visit/?bta=67954&nci=5360&afp=article) review, which is an excellent option for crypto newbies. 

Coinmama is a Dublin-based cryptocurrency exchange operating in the industry for almost a decade. It was set up in 2013 to offer financial services in the simplest ways. 

Its mission is to be the world's friendliest exchange that offers the best customer support. 

## Benefits of using the platform

In this [Coinmama review](https://go.coinmama.com/visit/?bta=67954&nci=5360&afp=article), we look at the platform's best features that make it a good choice for traders. 

1. Single window trading
One of the factors that makes it an ideal choice is that it does not complicate things for the traders. Unlike many other brokerages, it does not allow trades between buyers and sellers, which can confuse a novice trader. So instead, on this platform, all the transactions are between you and the exchange.

The platform has an inventory of all the cryptocurrencies it offers. However, it does not provide a digital asset wallet. So, if you purchase crypto from this exchange, you must have a separate wallet like [MetaMask](/news/article/what-is-metamask).

2. Interactive interface
The [Coinmama app](https://go.coinmama.com/visit/?bta=67954&nci=5360&afp=article) features an easy-to-use and highly interactive platform, which allows you to manage your crypto trades from your phone. With this seamless app, you can quickly get started with crypto trading. All you need to do is install and sign up with the app, instantly verify your ID, and you will be all set to trade!

Besides, you can access it from almost anywhere worldwide as it is available in 188 countries. However, it only supports Android, so if you are an iOS user, you won't be able to access it. 

[![coinmama 1.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/coinmama_1_2222cba695.png)](https://go.coinmama.com/visit/?bta=67954&nci=5360&afp=article)
  
3. Swift verification process
The time-consuming verification procedure is a problem for many exchanges. Fortunately, this is not the case with Coinmama. This platform offers an instant verification process. You can swiftly sign up and start selling or purchasing crypto. The entire procedure takes only 15 to 30 minutes. 

[![coinmama 2.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/coinmama_2_55402f2107.png)](https://go.coinmama.com/visit/?bta=67954&nci=5360&afp=article)
  
4. Coinmama payment methods
The Coinmama review also shows that it offers various payment methods. One of the best things about it is that you can make crypto deals from your credit or debit cards. It supports the following payment methods:

·        Apple Pay

·        Google Pay

·        Visa

·        [Mastercard](/news/article/mastercard-crypto-asia)

·        Skrill

·        SEPA and SWIFT Bank transfers

5. Security and authorisation
The exchange is based in Ireland and authorised by the country's regulatory body. It also ensures the complete safety of your crypto funds. It maintains two procedures to ensure security. It does not save user data when transactions are made through credit or debit cards. Secondly, it has a 2FA (two-factor authentication) procedure for logins. This restricts unauthorised entities from accessing your account.

What is noteworthy, it only operates as an exchange. So it does not keep your funds. It only requires your crypto wallet address when you are buying cryptocurrencies. That's why your crypto's security depends on your third-party wallet.

Check out which is the [best wallet to store crypto](/news/article/best-crypto-wallet). 

6. Supported cryptos and fiat currencies
As of now, this cryptocurrency exchange gives you access to over 15 different tokens. These include most of all popular tokens in the market. You will find Bitcoin, Ethereum, wrapped Bitcoin, Bitcoin Cash, Dogecoin, and others. Though it supports limited options, its inventory may expand in the future. And you can also request a particular cryptocurrency from its customer support. 

![coinmama 3.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/coinmama_3_85721f4634.png)
 
On the other hand, the fiat currencies it supports for transactions are five. These include the US dollar (USD), British Pound (GBP), Canadian dollar (CAD), Australian dollar (AUD), and Euro (EUR). You can also find crypto to fiat or fiat to crypto conversions through the [Coinmama crypto calculator](https://www.coinmama.com/crypto-calculator). 

[![coinmama 4.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/coinmama_4_9b26b70d90.png)](https://www.coinmama.com/crypto-calculator)

## Trading fees

The trading fees of the Coinmama exchange are on the higher side. It charges commissions on each sale and purchase transaction. In comparison to most exchanges, the trading fees are much higher. On selling transactions, the platform's commission will be 0.9%. Meanwhile, you will also have to pay 3.81% if you purchase from the platform.

However, it offers discounts through its [loyalty program](https://support.coinmama.com/hc/en-us/articles/360012588820?_ga=2.27021630.209146710.1664231336-1389372584.1664231336). It has three levels that require different amounts to be spent for 90 days. At the curious level, you would not get any discounts. But at the Enthusiast and Believer levels, you will get a waiver of 12.5% and 25%, respectively.

![coinmama 5.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/coinmama_5_e905027150.png)

## Coinmama registration: How do I get started?

The Coinmama registration is a reasonably straightforward procedure. You can quickly get a verified account on the platform by following these four easy steps:

1. Firstly, go to [coinmama.com](https://go.coinmama.com/visit/?bta=67954&nci=5360&afp=article) and set up your account. You can also create an account through the app. It only requires your email, a strong password, and the country of your residence.

[![coinmama 6.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/coinmama_6_e876cb13de.png)](https://go.coinmama.com/visit/?bta=67954&nci=5360&afp=article)

2. Secondly, you must provide personal details like full name, phone number, date of birth, city name, etc.

[![coinmama 7.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/coinmama_7_9aba169fce.png)](https://go.coinmama.com/visit/?bta=67954&nci=5360&afp=article)
 
3. Next up, upload a document that confirms your government-issued ID. This can be your ID card, driving licence, residence permit, or passport. US citizens can also use their non-driver's ID. Take the front and back pictures of the card and upload them. 

[![coinmama 8.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/coinmama_8_814e6b6c25.png)](https://go.coinmama.com/visit/?bta=67954&nci=5360&afp=article)

4. Finally, take a piece of paper and write 'Coinmama' and the registration date. Then, holding the piece of paper and your ID document, take a picture of yourself and upload it. 

Once you've completed these steps, the website will send an application to the exchange team. Your application will be approved after they verify your details.  

[![coinmama9.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/coinmama9_b32b539dcf.png)](https://go.coinmama.com/visit/?bta=67954&nci=5360&afp=article)
 
## Coinmama Review: Final take

Coinmama is a basic, user-friendly platform ideal for novice crypto investors. It allows secure and swift crypto trading to help manage day-to-day trades while being a relatively expensive option. You can also find various alternatives that offer more options at low prices.

Though Coinmama does not support a wide range of cryptocurrencies and fiat currencies, it gives most of the popular options. All in all, it is a good option if you are looking to manage small portfolios.



Coinmama Review: The beginner-friendly platform

FTX is one of the top-rated crypto exchanges in the world. It was founded by renowned entrepreneurs and investors Sam Bankman Fried and Gary Wang. The exchange launched in 2019, with its headquarters in the Bahamas. 

It offers a range of services in the crypto space. In the last few years, the platform has become increasingly popular. Now, it is only behind Binance and Coinbase, according to [CoinMarketCap rankings](https://coinmarketcap.com/rankings/exchanges/). 

Are you interested in learning more about what FTX exchange is and what services it offers? Here are all the details!

## What does FTX offer?

It is a centralised cryptocurrency exchange that offers various services and products. Here are a few of them! 

1.	Various leveraged coin pairs on the exchange offer up to 3x returns. 
2.	Its futures trading allows short-term and long-term bets. You can trade assets at a set future price and date.
3.	With Spot, you can trade in over 100 pairs.
4.	Its options feature gives you call-and-put options so that you can speculate and hedge future prices by mitigating risks.
5.	It allows trading in 11 different fiat currencies, including USD, GBP, CAD, AUD, EUR, etc.
6.	Its MOVE contracts enable you to wager the change in price over time. The price change can be in either direction, and you can make a profit from it. 
7.	It has its native token, FTT, that you can stake to make profits. 
8.	The exchange also offers a range of advanced, basic, and reduce-only order types. 

## What is the FTX exchange fee?

The platform does not have a withdrawal or deposit fee. However, you have to pay for withdrawing BTC, ETH, and other ERC-20 tokens. Bitcoin withdrawals of less than 0.01 would be charged 0.1% trading fees. But your first withdrawals and withdrawals over 0.01 BTC will be free. 

On the other hand, for fiat currencies, the trading fees range from 0.02-0.07% if the amount is smaller than $5000. However, trades over this amount will be free. Moreover, if you have staked the FTTs, you would not have to pay this fee.   

## Regulation and security 

Regulation and security can be one of the main concerns of investors. However, FTX can be a safe option as it is looking to register in different parts of the world, including the [UK and the US](/news/article/ftx-europe-uk-expansion). Currently, it is regulated by the Bahamas Securities Commission. Also, FTX US is held by the US’s FinCEN bureau.
 
Moreover, the company rebranded LedgerX as a crypto derivatives platform, [FTX US Derivatives](https://derivs.ftx.us/), in the US. This platform is regulated by the Commodity Futures Trading Commission (CFTC). 

To ensure the security of the transactions, FTX uses the 2-factor authentication method. You might get an SMS or a notification from Google to log in on the exchange. Moreover, it also seeks help from cybersecurity firms like FBG Capital, True USD, and Circle. They audit the security and maintain transparency. 

## What is FTX token, FTT?

The exchange has also introduced its token, FTT. The token can be quite beneficial for investors for various reasons. For one, it can be staked to generate a passive income. Moreover, it allows you to pay the exchange’s trading fee. Also, it helps in futures trading by working as collateral. 

FTX is a highly reputable crypto derivatives exchange. It caters to all digital asset investors regardless of their investing exposure. The array of crypto trading services it offers allows you to make comprehensive profits. 

The firm ensures commendable security and transparency, making it a reliable choice for investors. Apart from that, as it is seeking a green signal from numerous regulators and partnering with reputable crypto exchanges like [Reddit](/news/article/reddit-partner-with-ftx-crypto), FTX might become a global leader in future. 


What is FTX crypto exchange? 

AstroSwap is a decentralized exchange (DEX) built for the Cardano ecosystem. Launched in October 2021, it is a layer 2 DEX made on the Velas network, considered the fastest blockchain in the world.

AstroSwap’s link with the Velas network allows users to trade and swap Cardano tokens at faster speeds with lower fees. The project also features Galaxy Pools, where users can stake their tokens and earn and Space Lottery, where users can play and win amazing prizes.

## ASTRO Token

ASTRO token is AstroSwap’s native token. Also launched in October 2021, the token started pretty well thanks to a successful IDO exclusive on ADAPad. Within a few hours of launch, ASTRO tokens hit a [21,000%](https://finance.yahoo.com/news/astro-trades-over-33-000-182751241.html) ROI. They would continue to rise and hit a peak of 50,000% ROI within a few days after launch.

However, despite their great start, ASTRO tokens would begin to depreciate and end the year 2021, trading at $0.1345. For most of January 2022, the tokens would trade at $0.1, hitting $0.2 on a few good days. By the end of January, they were down, trading at $0.08137.

For most of March 2022, ASTRO tokens traded between $0.007 and $0.009. They picked up by the end of the month to close each worth $0.01206. The coins did drop again and have continued to trade below $0.01 as of writing.

According to [Coinmarketcap](https://coinmarketcap.com/currencies/astroswap/), while ASTRO tokens show some price appreciation, they are currently worth $0.001905. They are ranked the 1575th largest cryptocurrencies by market cap. 

ASTRO tokens have a max supply cap of 10,000,000,000 ASTRO coins. There are currently 428,462,821 ASTRO coins in public circulation. If you wish to invest in the tokens, they are available on AstroSwap, PancakeSwap, Gate.io, BKEX, and ZT. They are not listed in many crypto exchanges.

## What sets AstroSwap Apart?

Several things enable [AstroSwap](https://www.astroswap.app/#Tokenomics) to stand out as a worthwhile crypto project.

•   Features: Swapz Bridge is a feature that allows users easily and quickly bridge tokens between networks with minimal fees. Other features include Galaxy Pools for staking and Space Lottery for awarding loyal users.

•   High APY: Users can access ultra-high APYs not found anywhere within the crypto ecosystem. The High APY is possible thanks to the 45% of the total ASTRO token supply set aside for staking incentives.

•  Partnerships: It has the backing of a few strategic partners, including ADAPad, WagyuSwap, Swaps, and Bluezilla, a veteran incubator firm.


AstroSwap’s road map also shows that bigger and better things are coming. The project seeks to continue to introduce DAO governance and voting rights, [NFT collection](/news/category/nft-news), and lending and borrowing Protocols. The future seems bright for the project.




A simple AstroSwap guide for beginners

ECOMI (OMI) is a cryptocurrency and a medium of exchange within the ECOMI ecosystem. It is based on the GO20 protocol and is currently listed on four (tiny) exchanges. Let's look at what makes this crypto-currency tick. Its supply is fixed, so you don't need to worry about inflation. The fixed supply of OMI keeps the price down.

## ECOMI cryptocurrency token

OMI can be traded on many different exchanges. This is similar to a stock trading website and can take as little as 15 minutes to buy and sell. Depending on the exchange, you can buy and sell the token using instant buy orders or choose a spot market trade. Both methods allow you to set your price, but instant buy orders are more expensive than spot market trades.

[The ECOMI platform is built on the GoChain public blockchain](https://cryptoandfire.com/ecomi-price-prediction-omi-price-forecast/), which is 100 times more powerful than Ethereum. This public blockchain is compatible with Ethereum and allows for many transactions. OMI also has a dedicated cold wallet or Secure Wallet.

## ECOMI is a medium of exchange within the ecosystem

ECOMI is a medium of trade within the ECOMI ecosystem and is based on the OMI token, a native token of the ECOMI ecosystem. OMI is used for staking and for in-app perks. Some community members criticize the token model, but this token helps facilitate many complex transactions behind the scenes.

ECOMI is a Singapore-based technology company that has created a digital collectables marketplace. It uses blockchain technology to enable its users to buy, sell, and trade collectables. It offers a one-stop shop for digital collectables, a social network, and an augmented reality showroom. It has already partnered with some of the biggest brands in the world to provide a unique experience for its users.

## It is based on the GO20 protocol

ECOMI is an open-source cryptocurrency based on the GO20 protocol. This protocol is designed to enable interaction and interoperability between networks. During the past few years, the price of ECOMI has been on a downward trend, but in July, it broke through the 50-day moving average and began to increase. Eventually, the ECOMI price is expected to reach a high of $0.01147.

OMI uses a decentralized, scalable, and backwards-compatible protocol. Instead of the [Ethereum network](/news/article/ethereum-classic-price), it uses the GoChain blockchain network, a web3 public blockchain founded in 2017. GoChain offers high performance and scalability and is also fully compatible with Ethereum. It is built on the GO20 protocol and supports smart contracts.

Its supply is capped at 750 billion OMI, with 40% held by the OMI company and its board of directors and only 20% available for the public to buy. Currently, it is only available on four exchanges, but the company is working on expanding its exchange presence.

## It is expected to reach a maximum value of $0.005 by 2025

The ECOMI price is expected to surpass its previous ATH in 2025. This prediction is based on the fact that the OMI is expected to work toward the interoperability of different networks and faster interaction. This cryptocurrency has been projected to reach a maximum value of $0.005. It's forecasted to have a minimum trade price of $0.009454 and a maximum value of $0.005 by the end of 2025.



ECOMI Price and protocol explained

Investors have many options for digital trading assets, offering them varying services. One such exchange that is becoming increasingly popular is [Biswap](https://biswap.org/). It is a decentralised cryptocurrency exchange that works as a Defi platform. 

The unique thing about this [DEX](/wiki) is that it offers high returns through its yield farm and referral program. The platform claims to be the most economical as it provides minimal exchange fees. However, its legitimacy is often questioned by investors. 

If you are also wondering whether it is legit or a scam, here’s a thorough Biswap review!

## What does Biswap offer?

It is a Defi-based decentralised crypto exchange that allows you to make high profits through its services. It is built on the [BNB chain](https://www.bnbchain.org/) and is compatible with all BEP-20 tokens. Along with the yield farm, you also have a liquidity mining service and lottery that attract many investors. 

Moreover, it offers launch pools and introduces its native token, [BSW, for staking](/news/article/binance-staking). The token has several use cases and serves as a governance token for the platform. As for the trading fees, it charges only 0.1% of the amount. This fee is relatively lower in comparison to other DEXs on BNB. Besides, it runs its own NFT marketplace and gameFi as well.

## Referral program

Meanwhile, you can further generate passive income through its referral program. If you refer it to someone, you can earn profits in three ways. These include:

1.	A percentage of exchange fee
2.	5% from yield farms
3.	5% from launchpool profits

## BSW token

BSW is the native token on the exchange. There are a maximum of 700,000,000 tokens in the supply. However, currently, 100,000,000 BSWs are circulating in the market. Currently, each token is worth [around $0.32](https://coinmarketcap.com/currencies/biswap/), whereas, at the beginning of the year, it was over $1.  

The token is deflationary, so its supply is reduced by the burning method. Half of the transaction fee amount is used to burn them. You can stake your BSW tokens to earn up to 600% of rewards through launchpools and farming. 

## Is Biswap safe?

Biswap is a legit platform. Its security is backed by Certik. It performs independent audits for the exchange and ensures transparency. Moreover, if you are concerned about any financial crisis on the exchange, it ensures protection with its insurance fund. The platform has a SAFU fund, for which it has assigned 1% of the total BSWs. Besides, the platform also provides a transparent fee structure, so you know exactly how much you have to pay. 

## Summing up the Biswap Review

Biswap is an innovative project that combines numerous services on one platform. You can use it for swapping, mining, and staking tokens. Furthermore, you can earn great rewards through the lottery, launchpools, and its three-way referral program. 

Apart from that, it offers an NFT marketplace and gameFi. Along with all these features, it is a safe platform certified by Certik. 
 



Review: exploring Biswap

Moonbeam crypto is a parachain on the [Polkadot blockchain](/news/article/polkadot-price-uk), which is compatible with Ethereum smart contracts. It is an Ethereum virtual machine EVM that allows you to redeploy Solidity smart contracts in the Polkadot ecosystem without making any changes. 

With its ease-of-use and Ethereum-supported environment, it has become a prevalent multichain. Also, Moonbeam staking has encouraged many to buy Glimmer coin (GLMR). 

However, as it is not available on several exchanges currently, many often question: where can I buy Moonbeam crypto? If you want to get GLMR, this article will help you learn more about Moonbeam crypto and where to buy it. 

## What is Moonbeam staking?

Before we answer ‘where can I buy Moonbeam crypto?’ It is essential to discuss the Moonbeam staking rewards. It works with the Proof-of-Stake (PoS) mechanism for the production of blocks. So, it allows you to become a collator or a delegator to earn rewards by staking Glimmer tokens. 

These rewards are calculated according to the number of tokens you have staked and your staking time. A separate rewards pool in the ecosystem gives incentives to delegators and collators. You do not have to claim rewards. These are directly transferred to your wallets after the completion of a round. 

## Moonbeam Crypto: Where to buy?

Now, to answer your question, ‘where can I buy Moonbeam crypto?’ here’s a list of exchanges that support the coin. 

## [Binance](/news/tag/binance-tag)

Binance is arguably the world’s largest cryptocurrency exchange. It deals with more than 350 coins, and GLMR is one of them. The exchange ensures highly secure trades in almost no time. As Binance can process over 1,400,000 transactions in a second, you can purchase Glimmer quickly through it. 

Moreover, trading is economical on the platform as it charges less than 0.10%. To buy GLMR via this exchange, you can follow [this simple procedure](https://www.binance.com/en/how-to-buy/moonbeam).
  
## Cypto.com

[Crypto.com](https://crypto.com/) is also one of the top-rated cryptocurrency exchanges. The platform claims to have listed over 250 cryptocurrencies and supports more than 20 fiat currencies. You can securely purchase Glimmer through [Cypto.com App](https://play.google.com/store/apps/details?id=co.mona.android&hl=en&gl=US). 

The platform allows you to trade, store securely, and track the prices of your coins. It also allows faster trading as its matching engine speeds 2.7m transactions per second.   

## [KuCoin](https://www.kucoin.com/)

KuCoin is another reliable platform where you can easily get Moonbeam. There are more than 700 different altcoins listed on the forum. Moreover, it is a credible option, serving over 20 million global investors working with various fiat currencies. 

In addition, it is available in around 200 countries and allows safe transactions. Also, it provides excellent 24/7 customer support that ensures you can easily use it for trading crypto. Along with several payment options, it offers P2P trading services. 

## OKX

OKX has also listed the Glimmer token, and the exchange is ranked among the top ten names of cryptocurrency exchanges. It gives you various third-party payment options and also allows P2P trading. Along with that, it has low trading fees, and you can get low-interest loans, too.

OKX also allows you to make better returns through its mining pools. Also, you can get early access to new projects on the platform.

## Huobi Global

Huobi Global can also be a reliable platform for buying Glimmer crypto. It deals with more than 500 virtual currencies and several fiat currencies. Moreover, its security is backed by a reserve of 20,000 Bitcoins for any crisis. Also, your accounts have 2-factor authentication encryption and offline storage to keep your assets secure. 

It also offers low trading fees, as spot trading on the platform costs only 0.2%. Moreover, for P2P trading, you would not be required to pay any additional fee. Apart from that, you can easily use your preferred payment method, which makes it more accessible. 

Besides these platforms, you can buy Moonbeam tokens from Gate.io, MEXC, XT.com, Bybit, and WazirX.

## How to buy Moonbeam crypto?

Here’s the simple process of purchasing GLMR tokens:

1.	Firstly, check Glimmer on CoinMarketCap or Coingecko to get an idea about its current price. 

2.	Secondly, select an exchange on which GLMR is listed. Here consider your preferred trading pair, payment method, trading fee, and speed.

3.	After that, create an account on your selected exchange while providing a valid email, phone number, etc. Then verify these details.

4.	Once you have confirmed, you can deposit your desired amount for purchasing Glimmer. There are various payment options; opt for one at your convenience.

5.	Finally, buy the Moonbeam by trading your deposited amount with the GLMR. 

## Bottom line

This cryptocurrency has emerged as a promising EVM multichain in the Polkadot ecosystem. Besides, many investors are adopting Glimmer tokens because of Moonbeam staking rewards. 

In this article, we have listed some of the trusted cryptocurrency exchanges to buy GLMR. Binance is considered the most reliable option because of its security, transaction speed, and minimal trading fees. However, Crypto.com, KuCoin, OKX, and Huobi Global are other authentic platforms to buy moonbeam crypto. 



Where can I buy moonbeam crypto (GLMR)?

Under new rules enacted in response to concerns that Bitcoin and other crypto assets are used to circumvent sanctions imposed in Russia due to their invasion of Ukraine, [digital assets exchanges must report suspected sanctions violations](https://www.theguardian.com/technology/2022/sep/04/crypto-exchanges-suspected-sanction-breaches-russia) to UK authorities.

On August 30, official guidance by the UK authority for digital assets was updated to explicitly include "crypto assets" as assets that must be frozen if sanctions are imposed on a person or company. Cryptoassets, in addition to digital currencies such as Bitcoin, Ether, and Tether, could include other hypothetically valuable digital assets such as non-fungible tokens (NFTs).

According to the rules established by the Treasury's Office of Financial Sanctions Implementation, [crypto exchanges](/news/article/best-exchanges-for-crypto-uk) will commit a criminal violation if they fail to report clients designated for sanctions. According to the rules, crypto exchanges must act immediately if they suspect that one of their customers is subject to sanctions or if they suspect a breach of sanctions, putting them in the same category as estate agents, accountants, lawyers, and jewellers.

Using cryptocurrencies to avoid sanctions and move money around the world was already prohibited in the United Kingdom under laws that apply to all "economic resources." However, the change highlights authorities' concern about the relatively new assets, which could help evade sanctions because users do not conduct transactions through regulated entities.

## UK's response to Russian digital assets activity 

Financial sanctions against individuals and companies associated with Vladimir Putin's regime have been among the UK's most visible responses to the invasion of Ukraine. Cryptoassets are subject to sanctions regulations, according to a joint statement from UK financial regulators released in March. The EU forbade significant cryptocurrency transactions with Russia in April.

Sanctions have been aimed at oligarchs and family members with direct ties to cryptocurrency. Among them was Vladimir Potanin, the "nickel king" and former second-richest person in Russia, who supported the Swiss blockchain company Atomyze. 

Son of oligarch Mikhail Gutseriev said he held a stake in a cryptocurrency exchange in Belarus until August 2021 before being subjected to sanctions on the same day as Potanin in June. Oleg Deripaska, a billionaire in the metals industry, has previously pleaded with Russia's central bank to permit the use of bitcoin as a payment method. They have not been implicated in using crypto assets to circumvent sanctions.



UK digital assets firms to report sanction breaches

[CoinTiger](https://www.cointiger.com/en-us/) is a Singapore-based centralised crypto exchange. It is one of the few exchanges that work on an equity mechanism and has also introduced its token. It has not gained much popularity globally, mainly catering to the Southeast Asian market. 

Nonetheless, around 1.8 million crypto investors trust this exchange for daily trades. Meanwhile, its 24-hour trading volume is over $810 million, which indicates its formidable size. [CoinMarketCap](https://coinmarketcap.com/exchanges/cointiger/) ranks it in the world's top 100 crypto exchanges. 

## CoinTiger digital asset exchange review

If you are still hesitant to trade through CoinTiger, here's its complete review!

## Trading order and deposit methods

Trading with CoinTiger is relatively straightforward. It allows trading through both cryptos as well as fiats. With that, it offers three trading orders: market, limit, and spot limit. Spot limit will allow you to trade at a specified price. 

Moreover, it also gives you multiple deposit options. Apple Pay, Mastercard, Visa, Wire Transfer, Swift, and several others are among them. Although you can purchase crypto via fiat currencies available on the platform, it does not allow fiat deposits directly.  

![cointiger.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/cointiger_72c68088eb.png)
 
## Security

Is CoinTiger safe? It is one of the main concerns of the investors. The exchange provides three protection layers. The first one is Google authentication which you can enable for your logins and withdrawals. Secondly, you will have 2-factor authentication that will send you a verification SMS to confirm it's you. Lastly, you can set up a fund password for processing transactions securely. 

It has partnered with various cybersecurity firms to ensure network security and audit its smart contracts. However, one problem with CoinTiger is that it is not regularised. 

## Supported digital and fiat currencies

It is compatible with both fiat and cryptocurrency trading. Currently, there are over 300 coins listed on CoinTiger. Moreover, it also supports a wide range of fiat currencies. It is available in over 100 countries and allows you to deal in USD, CAD, AUD, EUR, and numerous other currencies.  

![cointiger 2.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/cointiger_2_633bd56f0a.png)
 
## Trading fees

The trading fees on the platform are also minimal. As a transaction maker, you will be charged only $0.08. On the other hand, if you are on the receiving end, you might have to pay $0.15 on a complete transaction. Though the fees are nominal, you will get much cheaper rates on some exchanges like [Binance](/news/article/guide-to-binance-uk) or FTX.  

## UI/UX and customer support

User interface and experience are also important features to consider before opting for an exchange. CoinTiger offers a user-friendly interface through its iOS and Android-compatible app. Moreover, for the price charts, it uses TradingView charts, having basic and advanced modes. Moreover, to ensure accessibility, it is available in multiple languages. It allows investors across the world to use the platform.

![cointiger 3.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/cointiger_3_df2329c030.png)
 
Besides, the best thing about the platform is its relaxed KYC policy. Because of this, you do not have to complete the verification process for trading. You can indulge in trades of up to 2 [Bitcoins](/articles/learn-moni/what-is-bitcoin) without KYC. It also provides 24/7 support via live chat.

## Possibilities for passive income

It also creates several possibilities for generating a passive income. This includes;

1.	CoinTiger staking pool
2.	Initial exchange offerings (IEO)
3.	Airdrops
4.	TigerCash native token

## Bottom line

CoinTiger crypto exchange is a diverse trading platform that has an equity mechanism. It offers a user-friendly interface with impeccable security. You can trade more than 300 cryptocurrencies with multiple trading orders and deposit methods. 

Moreover, you can generate a passive income through it. Its staking pool, IEOs, airdrops, and the native token might earn you profits. However, one issue with the platform is that any authority has not yet regulated it. Nonetheless, its overall features and security make it a legit exchange. 



CoinTiger review: is the exchange safe and legit?

Bitsgap is a one-stop crypto trading platform which allows users to bring all their crypto exchange accounts together for bot trading purposes.

[Bitsgap](https://bitsgap.com/?ref=2cb1231&utm_source=coincodecap&utm_medium=article) integrates with over 25 major exchanges, including [Coinbase](/news/article/blackrock-crypto) Pro, Binance, Poloniex, Kraken, Bitfinex, and others. 
 
The account sign-up procedure takes little more than two minutes because customers must validate their email addresses. People can also log in using their Google or Facebook accounts. 
 
Furthermore, it offers a 7-day free trial during which the trader may enjoy several features at no cost. After creating an account, customers may use their API credentials to connect their account to one of the available exchanges. Simply by making an order or launching their bot. It enables users to take advantage of arbitrage possibilities on the chosen exchange.
 
## Features on the Bitsgap platform 
 
•	Arbitrage - is the practice of maximising the price difference between two or more transactions often on different exchanges or markets. 

•	Trading Terminal- High-quality tools enable customers to trade spots and futures on numerous exchanges from a single interface.
 
•	Futures Trading Bots —Futures Bots is one solution that allows customers to create futures trading bots. 

•	Signals – For the best selections, signals keep an eye out for any market oddities to capitalise on. 

•	Portfolio Tracking -Traders will be able to track their funds and earnings using a live-generated portfolio. Automated bots — Provides pre-configured machine-learning-optimised bots.

•	High security - Customers connect their accounts using the API credentials; however, users can make no deposits using the platform itself; on behalf of the user. It will never access consumer cash—all the API orders are encrypted with high-end 2048-bit encryption for added security. 

•	Demo Exchange- 'My exchanges' displays all the exchange accounts the user connects through API. 'The Demo' function, on the other hand, allows the trader to practice utilising all the exchange features, allowing the user to become acquainted with all the platform offers.
 
## Bitsgap GRID trading bot 

The bot driven by the GRID algorithm allows traders to establish investment ranges and restrictions before distributing these investments proportionally. As a result, every time the system executes a limit order, GRID issues a sell order at a slightly higher price than the market value.

Limit orders work in the other way, in that after the initial order, it creates another buy limit at a somewhat lower price than the market value. If the crypto prices do not surpass the trader's pre-set value range, the system will continue to execute transactions indefinitely. 

To conclude, users can rely on automatic algorithms to provide a consistent money stream regardless of market conditions. The essential advantage of investing in the grid is that it needs less market forecasting – predicting where the price will likely move in the future. As a result, it is an excellent tool for new and experienced traders.
 
 



What is the Bitsgap crypto platform?

According to a series of letters sent on Tuesday morning, the 30th of August 2022, House Committee on Oversight and Reform requested information and documents from four agencies and five digital asset exchanges. [Coinbase](https://www.cnbc.com/quotes/COIN), FTX, Binance.US, Kraken, and KuCoin were among the parties contacted about what they are doing to protect consumers from scams and combat cryptocurrency-related fraud.
 
The letters request that government authorities and cryptocurrency exchanges respond by the 12th of September with details regarding their efforts to protect customers. According to the committee, the respondents' feedback will be utilised to develop legislative solutions.
 
The letters specifically request that the exchanges produce documents dating back to the 1st of January 2009. To demonstrate efforts to combat crypto scams and fraud, as well as efforts to identify, investigate, and remove or flag potentially fraudulent digital assets or accounts, as well as discussions about "whether to adopt more stringent policies.
 
In one letter to Sam Bankman-Fried, CEO and creator of FTX, the committee states that although some exchanges evaluate cryptocurrencies before listing them, others allow digital assets to sign up with little or no verification.
 
According to FTC analysis, more than $1 billion in cryptocurrency has been lost to fraud since 2021.
 
## Congress looks at crypto schemes developed by companies

Chainalysis, a blockchain analytics firm, discovered that [37% of crypto scam money](https://www.cnbc.com/2022/08/30/coinbase-ftx-binance-get-inquiries-from-congress-on-crypto-scams.html?__source=google%7Ceditorspicks%7C&par=google#:~:text=Blockchain%20analytics%20firm%20Chainalysis%20found,then%20vanishing%20with%20the%20funds.) last year went to "rug pulls". A rug pull is when someone lists a token on an exchange and invests in it to increase the price and market demand before selling the position at a premium and disappearing with the proceeds.

Binance US, which received an [investigation](https://www.reuters.com/legal/litigation/new-binance-class-action-likely-clears-one-hurdle-faces-plenty-others-2022-06-14/) from the committee on Tuesday, has been charged in a class action complaint with deceiving customers about the safety of investing in [terraUSD](/news/article/terra-usd) (UST) and its sister token, Luna.

The terms and conditions of the investor-crypto exchange agreement also differ, which needs to be standardised.
Agencies will continue infighting and cannot successfully implement consumer and investor safeguards relating to cryptocurrencies and the exchanges on which they are traded unless clear definitions and advice are provided. 






Congress investigates crypto firms scam protection

Under former South Korean president, Moon Jae-In, authorities ensure difficult procedures were in place to stifle and challenge the expanding South Korean crypto sector by subjecting exchanges to a time-consuming registration process.

Yoon Suk-Yeol, the new president of South Korea, took office in May, and he has promised to be very supportive of the cryptocurrency industry, giving new cryptocurrency projects the attention they need.

## Stringent but supportive crypto environment in South Korea

The new administration looks to follow the [regulatory model of other developed countries](/news/article/uk-crypto-exchange) to ensure there is consumer safety without stifling innovation.

The South Korean Ministry of Strategy and Finance recently announced that it would implement a gift tax that would affect the creation of airdropped tokens, staking rewards, and hard-forked assets.

Numerous citizens were taken aback by the news the as administration had initially planned to extend the tax on cryptocurrency until 2025. Accelerating the countries tax regulation plans shows sentiment towards driving standardization in the industry.

## Samsung to launch the South Korean crypto exchange in 2023

Due to the above mentioned more accommodative crypto environment is South Korea, traditional corporations have recently begun to take a more active interest in the cryptocurrency industry.

A new initiative by Samsung to build a cryptocurrency exchange in South Korea by 2023 was [announced by Bitcoin Magazine](https://www.coindesk.com/business/2022/08/22/seven-s-korean-brokerages-plan-to-start-crypto-exchanges-next-year-report/) on the 22nd of August.

According the [recent Coindesk report](https://www.coindesk.com/business/2022/08/22/seven-s-korean-brokerages-plan-to-start-crypto-exchanges-next-year-report/), approximately seven firms have formally submitted applications seeking primary authorization and are establishing corporations to manage an exchange. These platforms are anticipated to debut in the first half of 2023.

Two notable companies mentioned were Samsung Securities (a division of Samsung Futures Inc) and Mirae Asset Securities. 

Samsung Securities has been investigating the feasibility of entering the blockchain industry and the security tokens market, hence the plans of launching their exchange in the near future. Mirae has unveiled a new division called Mirae Consulting, which hires technical people to work on various cryptocurrency and Non-Fungible Token (NFT) initiatives. 

More blockchain based businesses are expected to be built in South Korea in the coming years, so keep your eyes peeled!



Samsung set to open crypto exchange in South Korea

Rollbit provides a casino, crypto trading, and [NFTs](https://www.newsfilecorp.com/release/86084/NewAge-Crypto-Casino-Rollbit-Launches-Cryptocurrency-Trading) all on the same site. Find out all you need to know about how to get lucky with this lottery here!

## Bonuses for advancing in rank and level 

When users advance to the next level, they will receive around 12.5% of the house advantage for the wagering necessary. Plus, with each level advancement, users receive a fantastic gift! 

## The Rollbit boss 

The "Rollbit boss" is the person who has bet the most during the day by 00:00 UTC. This individual receives $5,000! 

## Cashback

Players will receive a 5% of the house advantage every Day, Weekly, and Monthly.

## Slots 

The casino has over 3,500 slots that players can select. 

## Classic games

Customers also have a rather large selection of games. Players can discover traditional blackjack and roulette. Other conventional games, including baccarat, are also accessible. 

## Games with a live dealer 

The exchange collaborates with leading game providers and offers a wide range of live dealer games. 

## Casino payment methods

Wagering will utilise cryptocurrency rather than fiat currency. 

## Deposits 

Users can fund their accounts in one of two methods. If you have Bitcoin, Ethereum, or Litecoin, you may deposit it and begin gambling upon receipt of the transfer to your Rollbit account. 

If customers don't already have any of those cryptocurrencies, they will need to acquire some to get started. Players can use VISA, MasterCard, Google Pay, or Apple Pay to pay. Users may also buy cryptocurrency at major exchanges or at their exchange partner, MoonPay. 

## Withdrawals 

Withdrawing monies is quite simple. Customers can withdraw their Bitcoin, Ethereum, or Litecoin. They may sell their crypto currency for fiat they desire after they have won it! Withdrawals are processed quickly, and there is no maximum withdrawal cap.

## Customer service

Customer care is available via live chat and email on the website. Both types of assistance offer quick response times and appear to be well-informed. The website also has a very comprehensive FAQ section. 

On May 10th, 2021, the company debuted its [cryptocurrency](https://finance.yahoo.com/news/age-crypto-casino-rollbit-launches-201500764.html) trading, allowing customers to wager on the price of Bitcoin and Ethereum. Dogecoin and Litecoin have recently joined the trading platform. 

The new cryptocurrency trading tool has several advantages over previous platforms, including the following: 

•	Zero-fee trading 

•	Up to x1000 leverage 

•	Automatic cashout

•	A community focus

Rollbit's NFT marketplace allows you to purchase NFTs without incurring costly Ethereum network fees. Users may experience the thrill of generating passive money from a popular sportsbook while qualifying for special incentives. The essential service provided by Rollbot NFTs is the ability for holders to establish Rollboxes and receive a return on the NFTs they risk. 

Rollbit offers a fantastic website, a large game selection, a cryptocurrency trading functionality, an [NFT](/news/category/nft-news) collection, and exceptional customer support. This casino also has a complete license, ensuring the user's money is safe and secure.



Review of Rollbit casino games and exchange

Seed funding worth $9 million has been raised at the startup crypto exchange [Rocketplace](https://rocketplace.com/). It is a US-based startup looking to enter the digital asset management space. The firm aims to allow investors to do commission-free cryptocurrency trading. It is currently dealing with over 30 different tokens on which it charges 0% commission.

Recently, the company started a financing round in which it was able to secure a $9m in its seed funding round. It is quite remarkable as the market is going through a bear run, and cryptocurrencies are rapidly losing their value. Moreover, many digital asset companies like Celcius and Voyager have filed for bankruptcy. 

Earlier, one of the leading decentralised cloud computing networks, Cudos, concluded its series of funding rounds and secured over [£10 million](/news/article/cudos-funding-over-10-million). 

## Rocketplace plans to grow its crypto offering with seed funds

Ben Hutchinson and Louis Beryl, who are the co-founders of Rocketplace, will mainly focus on fund management and distribution. They believe that cryptocurrencies are likely to see an explosion of new projects. And in this scenario, services related to administering and distributing funds will be in high demand. 

Also, Louis Beryl mentioned that their distribution model will also be in full compliance with regulations. It will educate investors to comprehend the regulations to correctly follow them. This is why they claim ‘to not just be another exchange’.

## How did Rocketplace secure the seed fund crypto?

As of now, Rocketplace is only a 10-member company, having two experienced co-founders. Both Hutchinson and Beryl have been in the industry for a long period. They have worked with firms like Earnest, Y Combinator, a16z, and SolidEnergy Systems. Their reputation of prior experience and expertise allowed the startup to secure substantial funding in the seed round. 

It acquired financing from renowned firms like Accomplice, TTV, Soma Capital, and Menlo Ventures. Moreover, throughout the funding round, Launchpad Capital was the lead investor for the firm. 



Rocketplace crypto exchange lands $9m seed funding

Bitex Bitcoin provides a mobile and online platform for investing and trading in digital assets and a matching engine capable of processing up to 1 million transactions per second. The exchange also provides charting tools, order books, trade options, and a derivatives platform with quarterly futures contracts and margin trading. 

[Bitex Bitcoin](https://www.financialexpress.com/market/crypto-exchange-bitex-begins-providing-cryptocurrency-investment-disclosure-following-govt-mandate/2236916/), which was established in 2014, in Buenos Aires, Argentina, also provides financial services. Customers benefit from the company's services for cross-border payments, payroll, and billing clients overseas at the lowest possible cost, time, and effort. 

Bitex does not allow U.S. investors to trade on its exchange for foreign exchange control reasons.

In terms of the trading view on the bitex Bitcoin platform, it is similar to other brokerages.

On the [bitex platform's landing page](https://www.bitex.la/) on 10 June 2019, the price chart below displays the volume and the highest bid and ask prices. It displays the order book, or at least a part of it, and a price chart of the selected cryptocurrency and order history. There also two conveniently located  buy and sell boxes. 

![bitex.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/bitex_80029db772.png)


The Bitex trading platform offers a lot more than simply placing orders. For professionals, it provides complex charting and financial indicators. 

Users may also place spot and limit orders on all available trading pairs on Bitex for [Bitcoin](/coins/btc) and use the pre-existing 10+ indicators to customise charts to match their trading needs.

## Trading Fees of Bitcoin on Bitex 

Bitex charges a flat 0.50 % trading fee regardless of whether investors are makers or takers. This trading cost approach may appeal to investors who want to pick up existing orders from the order book. 

Bitex's flat trading costs of 0.50 % are higher than the industry average of 0.25%. In addition to trading costs, there is an annual 0.50 % "custody charge," regardless of trading activity or lack thereof.

## Bitex- withdrawal and deposit fees

Bitex withdrawal costs for Bitcoin are 0.0004 BTC. Wire transfers is available however credit cards are not. As a result, their withdrawal costs are reasonable.

## Bitex technology and security 

To stop the rise in fraud, the Bitex Bitcoin exchange platform utilises cutting-edge technology and the best development methods. In order to protect user privacy, all identity papers supplied to the exchange are securely kept in a remote database using the most robust encryption standards. Furthermore, to guarantee a secure experience, Bitex deploys various security methods such as 2FA, email verification, I.P. filtering, mobile verification, and manually verifying anomalous account activity and transactions. 








How Bitcoin is traded on the Bitex Bitcoin


A leading cryptocurrency exchange, [Crypto.com](https://crypto.com/) gets authorisation to operate in the United Kingdom. The country’s Financial Conduct Authority (FCA) provided the registration, in which the Crypto.com news announced on Wednesday. This will allow the firm to expand its crypto asset business throughout the UK as per the country’s regulations. 

Co-Founder and CEO of the firm, Kris Marszalek, shared his views on the confirmation and declared it a ‘significant milestone’ for the exchange. He believes that as the UK is looking to become a [global crypto hub](/news/article/cryptocurrency-investment-uk), expanding the firms crypto services to the region at this time would benefit them. He also showed his commitment to cooperating with the FCA regulations in order to strike the balance of regulation and innovation.

## Crypto.com news: Exchange to trade under FORIS DAX UK LIMITED

Other Crypto.com news suggests that the exchange might not work with this name in the UK. However, the FCA has listed a company under the name FORIS DAX UK LIMITED with the authorisation for certain crypto asset activities. It will also follow anti-money laundering and terrorism financing regulations in the country. 

Under the FCA registered trading name, the platform can offer services including exchanging one digital token for another or exchanging digital token for fiat money or vice-versa. 

Apart from that, FCA is also maintaining a [list of unregistered businesses](https://register.fca.org.uk/s/search?predefined=U) involved in digital assets trading. Along with 248 other names, CryptoCOM is also on the list. Mainly, the FCA has not authorised these companies as they fail to comply with the money laundering regulations.

## Significant regulatory approvals for Crypto.com

In August, the exchange was able to secure significant regulatory approvals. Though the FCA approval is the most recent one for the firm. Crypto.com has been regularised by Canada’s Ontario Securities Commission (OSC) and Cayman Islands’ monetary authority. Canada’s OSC approved a pre-registration undertaking from the firm on 15 August. Cayman Islands’ authorities also accepted the exchange as a virtual asset service provider on 11 August.  





Crypto.com news: The exchange gets UK approval

One of the leading decentralised cloud computing networks, Cudos, concluded its series of funding rounds. In this successful series, [Cudos funding](https://www.cudos.org/blog/cudos-raises-10million-in-funding/) hit the £10 million mark. Initially, the firm raised around £2 million in seed funding and has further capitalised on that with a series of subsequent funding rounds. 

Cudos is one of the projects of the Cudo ventures. It has now become a global leader in cloud computing and blockchain-related services. The firm is working on providing sustainable and decentralised cloud computing services with its innovative approach. 

Let's see how Cudo Ventures managed to close the capital and what its plan is to grow after securing the substantial Cudos funding! 

## What's Cudo Ventures?

Cudo Ventures is a highly acclaimed, United Kingdom-based firm. A serial tech entrepreneur, Matt Hawkins founded the company in 2017 and still serves as its CEO. Its offerings involve cloud computing networks and developing decentralised platforms. It also has two more projects under its umbrella. These projects are related to sustainable computing and [crypto mining](/news/article/sustainable-mining). 

The firm has launched its own digital token, known as CUDOS. It is the native token that helps in monetising platforms by working as a utility token for them.

## The services Cudos offers

The venture has three main projects in its ecosystem, offering different services. All these projects can work together to combine the power of cloud computing and blockchain technology. These projects include:

1.	Cudos - A decentralised cloud-based computing network.

2.	Cudo Compute - Sustainable computing that utilises the unused power from systems

3.	Cudo Miner - An automated crypto mining service.

## How did Cudos funding raise £10 million?

The press release from the company disclosed that its worth had reached £10 million. It also declared that the Cudos funding took place in a series of rounds. Moreover, it also provided a breakdown of the capital. 

The initial seed funding for the company raised around £2 million. Then, in the pre-series A round, it closed another £2 million. This was further followed by £3.7 million for the token raise. Apart from that, an advanced subscription agreement (ASA) added £2.2 million. Lastly, the firm's strategic partners helped in raising £1 million.

The network has the support of numerous enterprises that helped it secure decent funding rounds. It is backed by enterprises like [Moonrock Capital](https://www.moonrockcapital.io/), BlackDragon Research, BMW Capital, [CSP DAO](https://cspdao.network/), Floem Capital, Exnetwork Capital, and others.  

## What does Cudos funding mean for its growth?

As the company has managed to secure modest capital, it is now looking to expand its business. The firm is looking to attract crypto investors by launching it on several exchanges. After the funding, it launched its token on the Bitmax exchange. 

Moreover, the Crypto.com exchange has also listed the coin, which is now available in over 90 countries. Other notable exchanges that listed the token are Kucoin, Huobi Global, and Bittrex Global. 

In addition, Cudo also launched a mainnet for its network that will further help build decentralised computing infrastructures. Matt Hawkins, the CEO of Cudo, termed the launch an 'incredible achievement.' Also, he expressed that the mainnet launch will help develop sustainable and decentralised computing networks for a more connected world. 

Non-fungible tokens might also enter the Cudos network. Its roadmap suggests that the network may introduce native support for NFTs usage. Also, there can be a bridge between Ethereum and Cudos for conveniently transferring NFTs. With all these innovations, the company seeks to expand its operations. 



Cudos funding round secured over £10 million

The Singapore High Court has extended Zipmex's moratorium by three months after the exchange was hamstrung by its exposure to crypto firms Babel Finance and Celsius Network.

Zipmex (ZMT) was the latest victim of a crypto contagion spurred by the collapse of the TerraUSD stablecoin when it revealed in July that it has US$48 million (S$66 million) of exposure to Babel and US$5 million with Celsius.

On July 22, the business applied for a moratorium to prevent creditors from suing Zipmex Asia and other major operating subsidiaries. Zipmex Pte Ltd (the Singapore entity), Zipmex Company Limited (the Thai business), Zipmex Australia, and PT Zipmex Exchange Indonesia are all listed as applicants.

## Committee Given Extra 3 Months

[ZMT had asked for an additional five months](https://www.straitstimes.com/business/banking/singapore-court-grants-crypto-exchange-zipmex-3-month-creditor-protection) to pay off its debts, but on Monday, August 15, Justice Aedit Abdullah voiced worries about the company's lack of communication with its creditors and customers in Thailand. He gave the committee an extra three months, until December 2, to resolve the issues they brought up, with the possibility of further extension.

In the moratorium application hearing on August 1, Justice Abdullah praised Defi Payments for its efforts to involve its creditors.

ZMT has three different investment offers on the table right now. The business has agreed to terms with two investors and received a non-binding letter of offer from a third. Lawyer for ZMT, Jonathan Tang from Morgan Lewis Stamford, claimed that each investor plans to inject capital into the company by purchasing shares in ZMT Asia or by injecting crypto assets into the company in exchange for shares.

The withdrawal process on ZMT was paused in July, although customers have been able to withdraw some Ether and Bitcoin since August 11 and August 16, respectively.

There is a total debt of around $1.1 million represented by the objections. After stating on July 25 that it was collaborating with law enforcement to investigate potential public losses as a result of Zipmex's difficulties, Thailand's Securities and Exchange Commission has been closely monitoring the effects of the company's troubles on Thai consumers.

Several [other cryptocurrency firms have also sought bankruptcy protection](/news/article/crypto-lending-platform-voyager) in recent months. A moratorium has been placed on Defi Payments' application for a Singapore digital payment token license as the company attempts to restructure the US$402 million in debt it owes to around 147,000 creditors worldwide.
 



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