Singapore-based firm Wowoo Exchange has officially launched its digital assets trading platform with an initial focus on the local Singaporean market.
According to the company’s press release, the exchange platform will allow Singaporean users to deposit and withdraw in Singapore dollars to trade cryptocurrency.
Wowoo Exchange will also initially support three trading pairs: SGD/BTC, SGD/ETH, and BTC/ETH. The exchange noted that it will work to add more trading pairs soon.
As it progresses in the following months, Wowoo Exchange will potentially introduce more features to the public, such as customizable dashboards, other coins, an instant-exchange interface, and stop orders or other trade types.
“Having spent the last few months laying a solid foundation, including building a strong team and platform, we are excited to bring crypto trading to a wider audience in the region,” Wowoo Exchange CEO Willie Chang said, “In the coming months, we will continue to focus on improving the user experience.”
Prior to the official launch, Wowoo Exchange established collaborations with regional and global financial technology-focused companies such as Cynopsis Solutions and Xfers to boost the platform’s security, ensure its compliance with regulations, and protect customer data.
Ashish Varma, chief operating officer of Wowoo Exchange, noted that the Singaporean firm’s partnerships is part of its efforts in shaping the future of digital asset standards.
“We are always looking to actively collaborate with the wider blockchain community and hope to contribute to the growth of the industry with our expertise,” Varma added.
The public release of the digital assets trading site comes three months after it opened its beta version to a limited number of users and initially supported Bitcoin and Ether.