Binance.com has recently announced that it no longer offers Singapore users fiat deposit services, spot trading of cryptocurrencies, the purchase of cryptocurrencies through fiat channels and liquid swap (“Regulated Payments Services”). This has caused quite a frenzy for local users to off-ramp their assets on Binance to fiat or to some of these other crypto platforms like Gemini and FTX. Earlier on I have written a post on Thinking backwards. Before you on-ramp your money to any platform, it is wise to also consider the options available for off-ramping.
Photo by Executium on Unsplash
Other important considerations when choosing the suitable CEX platforms for your crypto investments would be the ease of use, list of supported cryptos, trading fees and their interest rates / "earn" programmes.
...