SCMRegulated
Malaysia Crypto Asset Exchange License (CEX)
SINEGY
Regulated in Malaysia
Crypto Asset Exchange License (CEX)
Basic Information
Country/RegionMalaysia
Exchange AbbreviationSINEGY
Company NameSINEGY DAX Sdn Bhd
Operating Period5-10 years
Websitehttps://marketplace.sinegy.com/
Exchange TypeCentralized Exchange
RiskNotice
2 risk alerts
- License No.
- Unreleased
- Regulatory Jurisdiction
- Malaysia
- Licensed Entity
- SINEGY DAX Sdn Bhd
- Effective Date
- --
- Sharing Status
- No
Exchange Overview
Exchange Overview
What is SINEGY?
SINEGY is a Malaysian cryptocurrency exchange regulated by the Securities Commission Malaysia, where users can trade BTC/MYR, ETH/MYR, etc.
Platform Features
The platform focuses on local liquidity and institutional-grade security, claiming to be the regulated preferred exchange in Malaysia, where users can safely trade digital assets such as Bitcoin, Ethereum, etc.
Business Region
InfluenceC0
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News
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Institutional interest in crypto picks pace
Sinegy is seeing an increase in institutional interest in cryptocurrencies. A start-up is in the process of setting up a corporate account with Sinegy to offer its users the option of depositing their money in cryptocurrency. For example, if clients of the start-up want a refund for a cancelled service, the start-up wants to provide them with the option to receive their money in the form of cryptocurrency. Sinegy currently offers its clients two cryptocurrencies: Bitcoin and Ether, and is looking to add Ripple to its list. The Securities Commission of Malaysia has approved five cryptocurrencies that can be offered to the public, including Litecoin and Bitcoin Cash.
Regulated by The Securities Commission Malaysia
Sinegy Exchange has been granted approval by the Securities Commission Malaysia to operate its Digital Asset Exchange (DAX) platform, Marketplace, which allows for trading of Bitcoin and Ether against the Malaysian Ringgit. Existing clients can login and preview a new trading platform, while new clients can submit their details for personal and corporate account registrations. Sinegy.com offers several features, including trading fee rebates, cloud storage security, live support, and corporate accounts. The platform rewards liquidity providers with a 0.25% trade rebate for all executed Maker orders and safeguards the majority of digital assets using cold storage to provide enhanced protection.
Regulated Crypto Exchanges and Services in Malaysia
SINEGY DAX Sdn Bhd is a Malaysian-owned and operated digital asset exchange that focuses on trading and caters to both retail and institutional traders. They offer a range of trading tools and features, including the “SINEGY Marketplace,” a platform that allows users to directly buy and sell cryptocurrencies using Malaysian Ringgit (MYR). SINEGY also has a unique rewards program that incentivizes active trading. The platform is regulated by the Securities Commission Malaysia and provides a secure and accessible environment for trading Bitcoin (BTC) and Ethereum (ETH).
