These new capital injections will allow MX Global, a licensed fintech company, to build brand awareness, hire more high-quality talent and develop new features within malaysia regulatory framework.
MX Global is one of four Recognized Market Operators-Digital Asset Exchange (RMO-DAX) which has been allowed full clearance by the Securities Commission Malaysia (SC) in July 2021 and adheres to standards and practices aimed at maintaining investor protection in the conduct of safe and secure cryptocurrency exchanges in the country. MX Global offers solutions enabling users to store and trade cryptocurrencies in compliant and safe cybersecurity environments, including a regulated local cryptocurrency exchange at www.mxglobal.com.my.
CEO of MX Global, Dato’ Fadzli Shah noted, “MX Global aspires to be the preferred liquidity platform for digital asset or cryptocurrency investors and token issuers locally and internationally. Binance’s cooperation will not only help us achieve this goal, but should also provide us with the most capital-efficient opportunity to align and compete with other global players in the industry. We will continue to build a safe, simple and real digital asset ecosystem for our customers.”
With this initial effort to support sustainable growth in the cryptocurrency market in South East AsiaBinance hopes to work with regional and local partners to foster new collaborations.
Changpeng Zhao (CZ), Founder and CEO of Binance, noted, “We see potential in Malaysia given its respected and innovative crypto and blockchain community. We believe that the partnership with MX Global will be a springboard to new opportunities, both in Malaysia and the region as a whole as well as the entire crypto and blockchain ecosystem.”
Speaking on Cuscapi Berhad’s investment, Dato’ Fadzli Shah expressed his excitement to work with the leading digital business solutions provider which has a long list of well-known clients.
“I believe this cooperation will not only expand the potential services that MX Global can offer in the future, but it will also enable the company to innovate and revolutionize the payment system by Malaysia“, commented Dato’ Fadzli Shah.
Executive Chairman of Cuscapi Berhad, Datuk Jayakumar Panneer Selvam stated, “this historic collaboration between digital assets and payment systems will create an integration and synergy that will bring together the strong potential of using cryptocurrency to trade. With blockchain and smart contracts becoming more integrated into our lives, the potential for this will be huge.”
The strategic cooperation further demonstrates the continued growth and development of the digital asset industry, which will strengthen the cryptocurrency market by Malaysia and South East Asia. Investments from two major players, Binance and Cuscapi Berhad, will allow MX Global to venture into a much larger customer base. This will undoubtedly propel MX Global to become the major player in the industry.
ABOUT MX GLOBAL
MX Global is a Kuala LumpurNew York-based fintech with a mission to create a highly accessible and secure cryptocurrency trading platform that enables merchants, consumers, and merchants to transact in cryptocurrency. MX Global envisions the MX Global trading platform as the preferred liquidity platform for cryptocurrency investors and token issuers in Malaysia.
In light of the demand for cryptocurrencies, MX Global has created a user-friendly platform for users to start trading Bitcoin and Ethereum. MX Global offers end-to-end solutions for storing, buying and selling cryptocurrencies within its exchange and MX Global’s compliance management system reflects strong integration of cybersecurity controls, giving you peace of mind.
In addition to this, MX Global has also appointed leading professional consulting and legal firms to provide advisory, legal, compliance, business operations and risk management design support to to continuously strive to be the leading example of best practice in the industry.
Binance is the world’s leading provider of blockchain and cryptocurrency infrastructure with a suite of financial products that includes the largest digital asset exchange by volume. Trusted by millions around the world, the Binance platform is dedicated to increasing money freedom for users and offers an unparalleled portfolio of crypto products and offerings, including trading and finance, education , data and research, social good, investment and incubation, decentralization and infrastructure. solutions, and more. For more information visit: https://www.binance.com
ABOUT CUSCAPI BERHAD
Cuscapi Berhad is a listed company on the Main Board of the Stock Exchange.
Founded in 1978 as DTS (Malaysia) Sdn Bhd, Cuscapi is recognized as a pioneering provider of digital business solutions in Malaysia. It was listed on the ACE market in 2004 and changed its name to Datascan Berhad and then in 2007 to Cuscapi Berhad, as a public company.
Cuscapi offers business management solutions, information technology security solutions, consulting services and contact center outsourcing services for companies in various sectors, including retail, hospitality, automotive, telecommunications, finance and utilities.