The exchange collaborates with DBS Bank to enhance the SGD USD deposit and withdrawal experience for Singapore users

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【Lianwen】The payment experience of crypto exchanges in Singapore has taken another step forward. DBS Bank has opened a fiat currency channel, allowing users to directly deposit and withdraw in SGD and USD. More importantly, DBS Bank will also set up a dedicated client funds account for the exchange. What does this mean? Transfer speeds can be significantly improved, and users’ SGD and USD fund flows will be smoother. The exchange emphasizes that it is fully compliant with the regulatory requirements of the Monetary Authority of Singapore, which is why banks are willing to cooperate deeply. For Singapore users, this is an infrastructure upgrade—multi-currency payment options + bank-level clearing and settlement = a more secure trading environment.

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PaperHandsCriminalvip
· 23h ago
Yo, finally a bank dares to partner with an exchange. My paper hands are about to start trembling again.
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ChainMaskedRidervip
· 12-20 09:39
Hmm... DBS finally shows some sincerity this time, but it's just a benefit for Singapore users.
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BrokenDAOvip
· 12-19 04:36
Bank integration with exchanges... In simple terms, it's just a different way of naming centralized risk. Independent accounts sound good, but who guarantees the definition of "independent"? Approval from the Monetary Authority of Singapore only reduces regulatory costs, not trust costs.
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AirdropFreedomvip
· 12-18 03:03
Singapore's move this time is really good; at last, there's no need to take a detour.
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CryptoGoldminevip
· 12-18 03:02
This move in Singapore is interesting. The independent account system reduces on-chain settlement costs. From an ROI perspective, it indeed optimizes deposit and withdrawal efficiency. The internationalization strategy is gradually becoming clearer.
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UncleWhalevip
· 12-18 03:02
Direct fiat channel, finally no more detours, DBS's coordination this time was quick enough.
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WagmiWarriorvip
· 12-18 02:49
Finally, no more beating around the bush. Direct deposits and withdrawals are really awesome.
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MevSandwichvip
· 12-18 02:38
DBS's recent move is okay; at least there's backing from a major bank. However, Singapore's stuff... we'll have to see how it's executed moving forward.
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