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Eurekapro, Singapore’s First Fiat-to-Crypto Platform Launched

EurekaPro is a fiat-to-crypto trading platform set up in Singapore, that offers users to trade fiat currency to cryptocurrencies.

The platform was launched by a team consisting of Junus Eu, Douglas Gan, and Lau Kin-Wai. Users can trade their Singapore dollar, Malaysian ringgit, Indonesian rupiah, and other Asian fiat currencies to transact on the exchange. Since its public beta launch, 8000 users have signed up on this fiat-to-crypto exchange.

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The Founder and CEO, Junus Eu have worked in the investment sector for about five years. He was an Investment Manager in US-Singapore-based gaming software and hardware firm, Razer, zVentures.

Gan and Lau co-founded iFashion, a firm that invests in fashion e-commerce sites. Gan, however, is into fashion-e-commerce business and Lau setup a startup accelerator, FatFish. The sign up on the website is fairly simple, with following cryptocurrencies listed on the platform, BTC, ETH, USD, LTC, USDT, BCH, EUR, B2BX, IDR, MYR, and SGD.

Also read: Binance Partners with LCX to Launch Fiat-To-Crypto Exchange in Liechtenstein

Singapore and Blockchain

Amidst ICO crackdown in China, Singapore’s Monetary Authority of Singapore (MAS) plans to strengthen its infrastructure to become a haven for the cryptocurrency. The guidelines posted by MAS last November classifies digital assets into 3 subgroups; Utility Tokens, Payment Tokens, and Security Tokens. MAS plans to regulate the payment tokens, to make it safe for investors.

Regulations and steps taken by the Singapore authorities have propelled the country to support blockchain innovations and hence startups like EurekaPro have started to emerge. Binance also has similar plans to set up fiat-to-crypto exchanges starting in Singapore.

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Delma Wilson

Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

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