(MENAFN- market Press Release) September 12, 2024 3:05 am - Tokenize Xchange enhances its DCA feature, offering seamless, compliant crypto investing with full Singapore Dollar (SGD) support for local traders.
Singapore, September 10, 2024 – Tokenize Xchange, the leading crypto exchange in Singapore, is thrilled to announce the launch of the latest version of its Dollar-Cost Averaging (DCA) investing feature, tailored specifically for the Singaporean market. This feature allows traders to invest in crypto steadily over time while ensuring legal compliance, offering useful tools, and supporting the Singapore Dollar (SGD) for seamless transactions.
Quality-of-Life Trading Features
How does Dollar-Cost Averaging strategy work? DCA investing reduces the impact of market volatility and removes the stress of timing the market. The updated DCA feature introduces several quality-of-life enhancements designed to simplify and enhance the trading experience:
Flexible Investment Options: Investors can choose to invest using either Singapore Dollars (SGD) or US Dollars (USD), providing greater flexibility and convenience.
Curated Cryptocurrency Selection: Users can invest in a carefully curated list of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tokenize Xchange (TKX), Ripple (XRP), Litecoin (LTC), Chainlink (LINK), Solana (SOL), and more.
Customizable Investment Intervals: Investors can select their preferred investment intervals-daily, weekly, or monthly-and specify the number of repetitions and start date, allowing for a highly personalized investment strategy.
Local Currency Support for the Singaporean Market
A standout benefit of Tokenize Xchange's DCA feature is its full support for SGD. Users can directly fund their DCA trades in SGD by bank transfer, StraitX, GrabPay, or FAST Transfer, or they can swap from Stablecoins, which bypasses the need for currency conversion and incurs additional fees and complexities. By supporting the local currency, Tokenize Xchange reaffirms its commitment to making cryptocurrency trading more accessible and frictionless for Singaporean users.
Legal Compliance for Peace of Mind
Tokenize ExXchange follows all the rules set by the Monetary Authority of Singapore (MAS). This ensures that all transactions are secure, transparent, and compliant with Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) regulations. We prioritize security and transparency, ensuring users' funds and data are protected, and fostering a trustworthy trading environment.
Robust Security Measures
Security is a top priority at Tokenize ExXchange. The new DCA feature incorporates advanced security measures to ensure the safety of our users' assets and personal information:
Two-Factor Authentication (2FA): Users are required to enable 2FA for an added layer of security during login and transactions.
Encryption: All sensitive data is encrypted using industry-standard protocols to prevent unauthorized access.
Regular Audits: Our platform undergoes regular security audits by third-party experts to identify and mitigate potential vulnerabilities.
24/7 Monitoring: Our security team continuously monitors the platform for suspicious activities and potential threats, ensuring prompt response and resolution.
A Brighter Future for Crypto Traders in Singapore:
As cryptocurrency continues to grow in popularity, the demand for accessible and compliant trading features rises. Tokenize Xchange's improvement of the DCA feature is a testament to the exchange's commitment to serving the local community with tools that simplify investing while maintaining the highest regulatory standards. With enhanced quality-of-life features and full SGD support, traders can now take a disciplined, long-term approach to investing in the digital asset industry.
For more information on the DCA feature, visit
About Tokenize Xchange:
Tokenize Xchange is a leading cryptocurrency exchange based in Singapore, providing a secure and regulated platform for buying, selling, and trading digital assets. With a focus on legal compliance, innovation, and user satisfaction, Tokenize Xchange offers a wide range of trading tools and services designed for traders of all levels.
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