The integration between ecxx.com, a Singapore-based digital asset exchange service, and MyInfo is expected to facilitate the trading of popular cryptocurrencies such as Bitcoin and Ethereum. as users can now authorize the platform to retrieve their personal data stored on MyInfo’s database.
Verified personal data is required to complete the verification process of digital currency trading on ecxx.com.
ecxx.com is the first digital asset exchange to integrate MyInfo for its platform and mobile app. According to Co-founder and CEO Branson Lee, the integration will lead to improved regulatory compliance and encourage digital cryptocurrency adoption.
Lee said, “Through this service, we hope that more Singapore residents are confident in dipping their toes into the crypto industry, and we can help build greater trust amidst the growing cryptocurrency market.”
To prevent potential online scams, ecxx.com monitors transactions to detect any suspicious funds, with plans to collaborate with other players in the fintech and blockchain sectors to protect consumers.
“While a user might have verified identity, which enhances the level of accountability, we are still cautious of potential scams online. That’s why we have also started on-chain transaction monitoring for detection of any suspicious funds and will actively engage various fintech and blockchain communities to guard against unsavoury activities targeting consumers in this nascent technology,” Lee explained.
Workshops have been arranged regularly by ecxx.com to educate the public on safe digital asset transaction and blockchain implementation for business.
As the brainchild of experienced blockchain developers Branson Lee, Weixiang Zhong, and Hong Ean Tan, ecxx.com is designed for both professional traders and retail investors, allowing them to buy, sell, and store digital assets. The platform runs on its own in-house proprietary system.
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