By using this site, you agree to the Privacy Policy and Terms of Use.
Accept

BTCRepublic: Timely News & Analysis for Smarter Trading.

  • ABOUT
  • DISCLAIMER
  • CONTACT
New Logo Black BTCRepublic BTCRebpublic-New White Logo
  • Guides
    • Bitcoin
    • Ethereum
    • Altcoins
    • Blockchain
    • DeFi
    • Mining
    • NFTs
    • Wallets
  • News
    • Bitcoin News
    • Ethereum News
    • Altcoins News
    • NFT News
    • Memecoin News
    • Blockchain News
    • Stablecoins News
    • DeFi News
  • Reviews
    • Exchanges
    • Wallets
    • Casinos
    • Services
  • Price Predictions
    Price PredictionsShow More
    Solana (SOL) Price Faces Correction, But Bulls Eye $205
    Solana (SOL) Price Faces Correction, But Bulls Eye $205
    October 14, 2025
    Ethereum Price Prediction 2024, 2025
    Ethereum Price Prediction 2024, 2025: What to Expect for ETH by 2030
    October 14, 2025
    Bitcoin Price Rises To $78k
    Bitcoin Hits $65K as China Unveils Stimulus (September 2024)
    October 15, 2025
    Ethereum (ETH) Surged 15%
    Ethereum (ETH) Surged 15% In 7 Days Despite Whale Selloff
    October 14, 2025
    Worldcoin (WLD) Price Surged 16% As OpenAI Drops New AI Model
    Worldcoin (WLD) Price Surged 16% As OpenAI Drops New AI Models
    October 14, 2025
  • About US
  • Privacy Policy
  • Editorial Policy
  • Terms of Service
  • Disclaimer
  • Contact Us
  • Sitemap
Reading: OKX Secures Singapore Cryptocurrency Payment License
Share
  • bitcoinBitcoin(BTC)$111,345.22
  • ethereumEthereum(ETH)$3,991.68
  • tetherTether(USDT)$1.00
  • binancecoinBNB(BNB)$1,168.29
  • rippleXRP(XRP)$2.42
  • solanaSolana(SOL)$195.32
  • usd-coinUSDC(USDC)$1.00
  • staked-etherLido Staked Ether(STETH)$3,988.95
  • dogecoinDogecoin(DOGE)$0.197737
  • tronTRON(TRX)$0.317779
Font ResizerAa
BTCRepublicBTCRepublic
  • Guides
  • News
  • Reviews
  • Price Predictions
Search
  • Guides
    • Bitcoin
    • Ethereum
    • Altcoins
    • Blockchain
    • DeFi
    • Mining
    • NFTs
    • Wallets
  • News
    • Bitcoin News
    • Ethereum News
    • Altcoins News
    • NFT News
    • Memecoin News
    • Blockchain News
    • Stablecoins News
    • DeFi News
  • Reviews
    • Exchanges
    • Wallets
    • Casinos
    • Services
  • Price Predictions
Follow US
  • About US
  • Privacy Policy
  • Editorial Policy
  • Terms of Service
  • Disclaimer
  • Contact Us
  • Sitemap
© 2025 All Rights Reserved by BTCRepublic.

Home - Exchanges News - OKX Secures Singapore Cryptocurrency Payment License

Exchanges News

OKX Secures Singapore Cryptocurrency Payment License

Oladapo Timothy
Last updated: October 14, 2025 8:31 am
Oladapo Timothy
Published: October 14, 2025
Share
OKX Secures Singapore Cryptocurrency Payment License
SHARE
Highlights
  • OKX has announced that it has obtained a full cryptocurrency payment license in Singapore.
  • The exchange has hired Gracie Lin, a former Monetary Authority of Singapore (MAS) official, as its CEO.
  • The license will enable OKX Singapore to conduct cryptocurrency trading and cross-border transactions in Singapore.

OKX Singapore, the Singapore arm of the crypto exchange OKX, has announced that it has obtained a full cryptocurrency payment license from the Monetary Authority of Singapore (MAS).

We're taking crypto to the heart of financial markets and mainstream adoption: Singapore 🇸🇬

We've received our Major Payment Institution (MPI) License from the MAS, allowing us to offer digital payment tokens and cross-border money transfer services.

To lead our charter in… pic.twitter.com/33y3fXM4S4

— OKX (@okx) September 2, 2024

OKX Singapore Becomes Fully Licensed Crypto Exchanges

According to an announcement released on September 2, 2024, OKX Singapore has received a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS). 

btcrepublic advertise
OKX Secures Singapore Cryptocurrency Payment License

With this license, OKX Singapore has now become a fully licensed crypto exchange in Singapore, such as Coinhako and Independent Reserve. 

It will be able to conduct digital asset trading and cross-border transactions in Singapore.

The license further enables the exchange to conduct transactions beyond the 3M SGD (~$2.2M) volume limit for payment institutions. 

OKX Singapore will also be able to exceed the 6M SGD (~$4.4M) limit for at least two payment services.

OKX Singapore had earlier received its in-principle approval for payment license from the MAS in Feb. 2024.

btcrepublic advertise 2

OKX Singapore Appoints New CEO, Gracie Lin

The announcement further revealed that the exchange is onboarding Gracie Lin, a former Monetary Authority of Singapore (MAS) official, as its CEO.

In a post, Gracie Lin said, 

Singapore is a world-class digital asset hub and an important market for OKX. I am excited to be part of the team building our presence here. The MPI license is an important step in our journey, and we are more committed than ever to enabling access to digital assets for our customers, and contributing to the community and ecosystem. I look forward to continuing my engagement with our partners, customers and the wider community here to see how we can best serve them.

Gracie added that the new license will enable OKX Singapore to offer spot trading of crypto to interested customers in Singapore further. 

Before joining OKX Singapore, Gracie was the former MD of strategy and economics at Grab, the VP of business management at GIC, and the deputy director of the money markets department at the Monetary Authority of Singapore (MAS).

Singapore Is Truly Becoming A World-Class Digital Asset Hub

According to recent research by Henley & Partners, Singapore took the lead in global cryptocurrency adoption. 

In the study, Henley & Partners rated several countries based on cryptocurrency adoption, tech, cryptocurrency regulation, tax friendliness, etc. 

Singapore had the highest score of 45.7 out of 60. Henley & Partners emphasized that Singapore topped the list in terms of cryptocurrency adoption due to its friendly regulatory, business, and financial environment. 

Singapore also led in tech and economic factors. Hong Kong came second, and the UAE came third.

Apple Rumored to Integrate Bitcoin Payments On iOS 18
11 Best Crypto For Kids In 2024—A Comprehensive Guide
Massive Hack on Kraken As $3M Lost To Hacking Exploit
Trump Urges US To Embrace Crypto And Avoid China Takeover
Crypto Hacks Decreased by 54% in June, As Losses Topple $176M
TAGGED:CryptoOKX

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
Subscription Form
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Print
ByOladapo Timothy
Follow:
An expert, trader and writer with extensive experience of digital assets, covering everything related to the burgeoning crypto industry — from price analysis to Blockchain disruption. I have authored more than 2,000 stories for crypto and fintech media outlets. I am particularly interested in regulatory trends around the globe that are shaping the future of digital assets.
Previous Article Phishing attack and showing a hacker doing this Latest Report: $300M Vanished From Crypto Scams In August
Next Article Best Decentralized Crypto Wallets 10 Best Decentralized Crypto Wallets You Need To Know
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Subscribe to Our Newsletter
Subscribe to our newsletter to get our newest articles instantly!
Subscription Form
Binance and Israeli Forces Allegedly Seize Palestine Crypto
Binance and Israeli Forces Allegedly Seize Palestine Crypto
News
Worldcoin (WLD) Price Surged 16% As OpenAI Drops New AI Model
Worldcoin (WLD) Price Surged 16% As OpenAI Drops New AI Models
Price Predictions
How To Buy Ripple (XRP) - A Step-by-Step Guide For Beginners
How To Buy Ripple (XRP) 2024 – A Clean Guide For Beginners
Altcoins
Indian High Court Orders Take Down of Mudrex Impersonation Scammers
Indian High Court Orders Take Down of Mudrex Impersonation Scammers
News

Follow Us on Socials

BTCRepublic use social media to react to hot news, update supporters and share authentic and factful information

Facebook Twitter Linkedin Telegram Pinterest
New Logo Black BR


BTCRepublic is the go-to source for comprehensive news coverage on blockchain technology, cryptocurrencies, non-fungible tokens, and Web3 gaming. Our content ranges from market trends to in-depth price analysis, fresh developments, interviews, and beginner guides.

Subscribe to our newsletter

Stay ahead of the curve with the BTCRepublic newsletter. By subscribing, you will get information about what is happening in the Web3 world straight to your inbox.

Subscription Form (#3)

More

  • About US
  • Privacy Policy
  • Editorial Policy
  • Terms of Service
  • Disclaimer
  • Contact Us
  • Sitemap
Reading: OKX Secures Singapore Cryptocurrency Payment License
Share
© 2025 All Rights Reserved by BTCRepublic