crypto exchange

Singapore-led firm is on the MiCA register which is dominated by European and US-based entities

Bybit said on X that it is aware of the listing and is engaging with MAS to understand the reason behind it

Digital assets have lost their portfolio-hedge appeal, increasingly tracking broader financial markets and curbing cross-asset inflows

Bitcoin is down about one-third since hitting a peak in October

A transaction-based levy of 0.1% simplifies state oversight, ensures transparency of investor cash flows

The goal is to create a cheaper, digital alternative to traditional non-deliverable forwards

The hardest hit departments include growth and customer relationship management

Digital-asset companies have also benefited under US President Donald Trump, who has promised to make America the “crypto capital of the world”

Banks oppose provisions that would allow firms such as crypto exchanges to pay yield to users holding stablecoins