Crypto craze: Digital assets gaining traction in Singapore

There were 511 cryptocurrency-linked firms in Singapore last year, up from 63 in 2015.
There were 511 cryptocurrency-linked firms in Singapore last year, up from 63 in 2015.PHOTO: AFP

SINGAPORE - Singapore-based digital assets exchange Zipmex raised US$6 million (S$8 million) in its latest funding round in January, well above its target of US$4 million.

This was no fluke: the exchange raised US$1.9 million in a seed round in January 2019 and a further $3 million in September that year.

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