Based in Singapore and Canada, COINUT (COIN Ultimate Trading) is a cryptocurrency exchange platform that aims to make buying, selling, and trading cryptocurrencies easier, faster, cheaper, & most secure for everyone.
COINUT users can now receive an equivalent amount of XSGD when they deposit Singapore dollars via bank transfer into their COINUT account, under the XSGD Balance tab.
Users can trade XSGD with 6 supported pairs, including Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Ethereum Classic (ETC), Dai (DAI) and Tether USD (USDT).
Users will also receive an equivalent amount of Singapore dollars in return when they initiate an XSGD withdrawal to their bank from their COINUT account.
COINUT charges no fees for the conversion of SGD to XSGD and vice versa.
Visit COINUT to learn more.
The StraitsX Singapore dollar, XSGD, is a stablecoin issued by Xfers, a major payment institution in Singapore licensed for e-money issuance. Each XSGD is backed one-for-one with the Singapore dollar and is supported on the Zilliqa and Ethereum blockchains. XSGD enables frictionless settlement, 24/7 without the need for a third party clearing agent. XSGD is the largest stablecoin by market capitalization in Southeast Asia and has surpassed over 1B Singapore dollars in on-chain transactions.