Singapore the country that is well known for its finance and technology adoption. It is financial hub where almost every company want to have it presence and now it is also coming from the Crypto aspect. Some leading exchanges have got the licence to operate in Singapore. It is one of the country is where Bitcoin ATMs were present in early days. Now this country is also doing much better in crypto adoption.
On a comparison side Singapore has done much better than Hong Kong. Based on the data available Singapore has given licences tomorrow Crypto exchanges in this year as compared to what hong Kong did.
This year Singapore has given Crypto licence to 13 companies that has got some popular names in the list however Hong Kong as a country has struggled on this part and they got list action. Possibly Singapore has understood that Crypto is going to be big and this is why they are trying to have more crypto exchanges available in their country.
Singapore doled out 13 crypto licenses in 2024 to a range of crypto operators including top exchanges OKX and Upbit, as well as global heavyweights Anchorage, BitGo and GSR. That’s more than double the licenses awarded by the city-state the previous year. A similar licensing regime in Hong Kong has been slow to progress.
Hong Kong country has also given the licences to some Crypto exchanges but the count is low and it is almost half of what Singapore has done in 2024. This time when we are pretty much close to the Bull cycle then it becomes even more important for search countries to have more exchanges providing better Crypto services.
So overall Singapore has gone ahead and given licence to operate in the country to many exchanges and hopefully this list will continue to increase and we will see more coming in 2025 into Singapore.
Posted Using InLeo Alpha
