Many argue that the stock market and the crypto market are two different prospects with vast differences while others argue otherwise; saying both exchanges are virtually the same investment concept.
Of course, there are similarities between the functionalities of stock exchanges and crypto exchanges, and how investors can make money off both exchanges. However, as much as these similarities exist, there are also differences that are quite important to take cognisance of if you are looking to understand and make a choice of both exchanges.
But still…. The main similarities is to make sure traders are able to trade and uses the profit in many such ways. We all know that Stock Exchanges and Forex exchanges would be able to roll on that but what about crypto exchanges? There are tons of crypto exchanges out in the market but still… it wouldn’t be effective if we cannot withdraw it and use it as daily consumption.
It’s great to say that there are fiat to crypto exchanges around the states. But what about Southeast Asia as it is still developing on its knowledge and not having solid use cases? There are investors, traders and crypto holders surrounding us but still we aren’t able to trade efficiently in a crypto exchange..but what if Coins300 told you we managed to get to know an amazing fast and secured fiat to crypto exchange to solve that problem? Well, SINEGY has been registered with Bank Negara Malaysia (BNM) as a Reporting Institution as a Cryptocurrency Exchange Service Provider.
“cryptocurrencies has long been associated with illicit activities, but beginning from 2017, we start to see a shift from this perception due to more comprehensive understanding of the technology and benefits of this new asset class”.
Chuah further adds that despite the initial speculative bubble, the industry is poised for further growth given more attention given by global regulators and institutional investors.
Not contented with its level of growth, SINEGY is also aiming to expand across the region as they are driven by the opportunities to tap into the emerging countries across ASEAN. Despite barely a year since its inception, SINEGY has already gained recognition by industry peers as a Malaysian team that has built and designed products for the rest of the world. Chuah further reiterates the team’s commitment to building trust by constantly working with regulators and industry peers by stating “rest assured we are committed to our long term efforts in gaining trust by providing solid platforms which allows public access to highly liquid markets”.
Here’s the full exclusive interview that Coins300 did with John and Kelvyn from SINEGY.