Thursday, 30 April 2020 10:59

Asia-Pac digital asset provider Zipmex launches mobile app

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Marcus Lim: “Zipmex has had a strong focus on bringing the same level of high-quality trades and features seen in the traditional stock market to the digital asset space." Marcus Lim: “Zipmex has had a strong focus on bringing the same level of high-quality trades and features seen in the traditional stock market to the digital asset space." Supplied

Digital asset provider Zipmex has launched a mobile app to facilitate cryptocurrency trading. The company joined Blockchain Australia recently and is in the process of getting its certification from the association.

In a statement, Zipmex, which offers services in Australia, Thailand, Indonesia and Singapore, said the app, available for both iOS and Android, could be used to deposit and withdraw fiat currencies (the US dollar and the Singapore dollar) and cryptocurrencies (BTC, LTC, ETH and XRP).

Co-founder and chief executive Marcus Lim said: “Zipmex has had a strong focus on bringing the same level of high-quality trades and features seen in the traditional stock market to the digital asset space. Our mobile app is a natural extension of that.”

The app also offers market analysis, comparing 24-hour transaction comparisons across volume and price.

“Just like our desktop portal, users will be able to capitalise on Zipmex’s ability to aggregate volume from global exchanges and OTC desks into one platform, providing significantly higher liquidity and competitive prices,” claimed Lim.

Both Thailand and Indonesia have granted licences to Zipmex as a regulated digital asset exchange.

Said Lim: “Regulation has been key to legitimising our market offering and we’re proud that Zipmex is one of only a handful of digital asset exchanges to be granted licences in Thailand and Indonesia, which are now required by law in order to operate."

The company said it had traded assets worth about A$60 million in its first six months of operation in Indonesia and achieved a market cap of US$18 million in its first year, with Infinity Blockchain Holdings being a significant investor.

“As an alternative asset class digital assets have the potential to support financial inclusion and economic growth and we’re excited about opening up more trading opportunities through the Zipmex mobile app, facilitating easier trades at any time from anywhere,” said Lim.

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Sam Varghese

Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

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