Fintech PR
CoinEx CEO Haipo Yang on Long-Term Growth, CET and User Empowerment
HONG KONG, Sept. 6, 2024 /PRNewswire/ — CoinEx, a world-leading cryptocurrency exchange with 7 years of consistent commitment to long-term growth, has traditionally maintained a low profile. However, it has recently garnered significant attention in the market. The platform’s strategic approach, coupled with the rising prominence of its native token, CET, has positioned CoinEx as a potential dark horse in the future of cryptocurrency exchanges.
Firstly, CoinEx was recently recognized by U.Today as one of the Top Crypto Exchanges in 2024. CoinTelegraph praised the exchange’s journey, stating: “Since its founding in 2017, CoinEx has steadily progressed, overcoming the challenges of a crowded market by cultivating a unique identity and maintaining a strong commitment to user-centric innovation.”
BeInCrypto echoed this sentiment, noting: “Running an exchange is challenging, but managing one successfully over the long term is even more difficult. In the unpredictable crypto industry, CoinEx’s unwavering commitment to consistently doing the right thing, creating value for the industry, its users, and the public, makes its rise inevitable.”
Adding to the praise, BITCOINIST highlighted CoinEx’s potential for continued success, remarking: “As it continues to grow and innovate, CoinEx is well-positioned for future success with its special focus on user experience, strategic expansion, and commitment to CET.”
Recently, CoinEx hosted an insightful Ask Me Anything (AMA) session featuring CoinEx CEO Haipo Yang. During the session, Yang offered valuable perspectives on the exchange’s strategies for driving long-term growth and empowering its users. This recap captures the key takeaways from the discussion, showcasing CoinEx’s vision and its roadmap for the future.
About CoinEx: Crypto Asset Expert
Yang emphasized CoinEx’s position as a crypto expert supporting various assets. It supports over 1,200 cryptocurrencies and 1,700+ trading pairs. Operating in 18 language markets, 200+ countries with over 10 million users. CoinEx Ecosystem has expanded beyond trading to include CoinEx Wallet, CoinEx Smart Chain, CoinEx Explorer, and CoinEx Charity. The exchange’s commitment to providing a diverse range of cryptocurrencies underscores its dedication to meeting user needs and staying at the forefront of the crypto landscape.
Expanding CET’s Utility
One of the most intriguing aspects of the AMA was the discussion around the CET, CoinEx platform token. Recently, CoinEx has revamped the CET introduction page and upgraded its products and services. Yang introduced several new value-added products to further enhance the CET ecosystem. First is CoinEx Dock for assisting early-stage projects with fundraising and promotion. CET Staking for providing users with secure and efficient on-chain staking products and CoinEx Mining for allowing users to stake tokens to earn airdrop rewards. These new offerings aim to increase CET’s utility and create more value for token holders within the CoinEx ecosystem.
Yang revealed that CoinEx has implemented a strategic approach to maintain CET’s value and control its supply. CoinEx uses 20% of the platform’s fee revenue each day to repurchase CET and burn the purchased CET monthly. This deflationary mechanism is designed to create scarcity and potentially increase the token’s value over time, benefiting long-term holders. The buyback and burn will continue until CET is burned down to 0.
CET Listing Strategy: Focused on Internal Growth
Yang stated that CoinEx currently holds a portion of CET tokens, primarily allocated for team incentives and marketing initiatives. Importantly, there are no plans to sell these CET tokens on the open market.
Additionally, CoinEx has no immediate plans to list CET on other exchanges. This decision reflects a deliberate focus on fostering organic growth and strengthening development within the CoinEx ecosystem at this early stage.
Conclusion
The recent CoinEx AMA provided valuable insights into the exchange’s strategies for long-term growth and user empowerment. CoinEx’s success stems from its deep expertise in cryptocurrency assets, a focused approach to CET’s future planning, and the introduction of new value-added products. Alongside expanding its product offerings, CoinEx has prioritized internal ecosystem development, enhancing user experience, optimizing trading efficiency, and strengthening security. With global expansion plans and transparent user engagement, CoinEx is solidifying its reputation as a trusted exchange and positioning itself for sustainable success in the competitive cryptocurrency market.
To learn more about CoinEx, visit: Website | Twitter | Telegram | LinkedIn | Facebook | Instagram | YouTube
Photo – https://mma.prnewswire.com/media/2498397/image_5019524_24678368.jpg
View original content:https://www.prnewswire.co.uk/news-releases/coinex-ceo-haipo-yang-on-long-term-growth-cet-and-user-empowerment-302240421.html
Fintech PR
WSPN and dtcpay Introduce Zero-Fee On-Ramp for WUSD, Marking New Era for Stablecoins 2.0
SINGAPORE, Oct. 11, 2024 /PRNewswire/ — Worldwide Stablecoin Payment Network (WSPN), a leading provider of next-generation stablecoin infrastructure, and dtcpay, a leading regulated digital payment platform, are making history with a strategic partnership that will revolutionize access to stablecoins. For the first time ever, users will have the ability to on-ramp WUSD, a fiat-collateralized stablecoin pegged 1:1 to the US dollar, through dtcpay with zero fees, marking a paradigm shift in the accessibility and affordability of digital assets.
This groundbreaking move marks a new era for stablecoins, breaking down barriers to entry and empowering individuals and businesses worldwide. Now, with a more inclusive and cost-effective way to utilize stablecoin solutions, WSPN and dtcpay are making WUSD a truly borderless and accessible digital currency. By eliminating fees, the partnership will save users significant amounts annually in transaction fees. WUSD will be gradually rolled out to the many merchants supported by dtcpay, including high-end establishments such as 35A Scotts Whisky Club and Capella Hotel Group’s flagship properties, Capella Singapore and Patina Maldives, Fari Islands. This practical implementation demonstrates the immediate impact and versatility of WUSD in everyday transactions, from luxury experiences to hospitality services.
“This zero-fee WUSD on-ramp with dtcpay is a game-changer for Stablecoin 2.0,” said Raymond Yuan, Founder & CEO of WSPN. “This partnership embodies our vision of making digital assets truly accessible to all, accelerating the adoption of stablecoins in the world. WSPN is proud to lead this financial revolution, reshaping the future of borderless transactions.”
“Partnering with WSPN to offer a zero-fee on-ramp for WUSD is a monumental step in making digital assets more accessible and affordable for dtcpay’s users. At dtcpay, we are excited to lead this charge toward a more inclusive financial future, breaking down barriers and creating new opportunities”, said Anson Zeall, Chief Strategy Officer & Head of Compliance, dtcpay.
By eliminating fees for on-ramping WUSD, WSPN and dtcpay are democratizing access to stablecoins, fostering greater adoption and paving the way for a more efficient, transparent, and equitable financial system globally.
About WSPN
WSPN is a leading provider of next-generation stablecoin infrastructure, committed to building a more secure, efficient, and transparent payment solution for the global economy. Their flagship product, WUSD stablecoin, is pegged 1:1 to the U.S. Dollar and aims to optimize secure and licensed digital payments for Web3 users. WSPN ‘s Stablecoin 2.0 approach prioritizes user-centricity, community governance, and accessibility, paving the way for widespread stablecoin adoption.
Learn more: www.wspn.io | X | LinkedIn
About dtcpay
dtcpay is a regulated Major Payment Institution (MPI) licensed by the Monetary Authority of Singapore (MAS) to conduct Digital Payment Token (DPT) services and other payment services under the Payment Services Act (PSA).
As a leading provider of digital payment solutions, we pioneer the integration of cryptocurrency acceptance into traditional financial systems. With a vision to make global transactions seamless and sustainable, dtcpay empowers individuals and businesses to embrace the future of payments.
Learn more at dtcpay.com.
Logo – https://mma.prnewswire.com/media/2429245/WSPN_logo_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/wspn-and-dtcpay-introduce-zero-fee-on-ramp-for-wusd-marking-new-era-for-stablecoins-2-0–302271361.html
Fintech PR
XA NETWORK EXPANDS TO AFRICA WITH LAUNCH OF XA AFRICA, BACKED BY TECH VETERANS
An exclusive investment network founded by tech alumni in Southeast Asia expands to support and fuel the vibrant African startup ecosystem.
SINGAPORE, Oct. 11, 2024 /PRNewswire/ — XA Network, a leading investment network founded by tech alumni in Southeast Asia, today announced its expansion into Africa with the launch of XA Africa. The move underscores the network’s vision and commitment to fostering innovation and supporting promising startups globally.
XA Africa is founded by a trio of experienced tech professionals:
- Nitin Gajria, former MD of Google Sub-Saharan Africa
- Jason Scott, venture capitalist and an architect of the Black Founders Fund at Google
- Marek Dawidowicz, current Marketing Director at YouTube and South African native
“Founders of technology startups in Africa are uniquely placed to solve some of Africa’s most profound challenges and unlock its greatest opportunities. We see the foray of XA Network into Africa as a natural progression, allowing us to connect amazing founders to experienced and expert operators from the tech industry”, says Nitin Gajria, Co-Founder of XA Africa.
XA Africa aims to connect exceptional African tech founders with seasoned investors and industry experts, primarily from global and regional technology companies, to provide not just capital but also the guidance and support needed to scale their ventures. The newly established XA Africa has already made notable investments in promising African startups, including:
- Crop2Cash (Nigeria)
- BuuPass (Kenya)
- Kaya (South Africa)
- Talamus Health (Ghana)
“We are excited to have XA network on board because of their strong network of experts who are open to listening and helping. They’ve introduced us to advisors from Expedia and truly understand the dynamics of emerging markets, making them a valuable investor.” – Sonia Kabra & Wyclife Omondi – Founders of BuuPass
“Partnering with XA Network has been a game-changer for our company. Their strategic guidance and network have opened doors to new opportunities, and we’re excited to see the impact of our collaboration continue to unfold. We’re grateful for their trust in our vision.” – Michael Ogundare – CEO of Crop2Cash
Since its inception six years ago, XA Network has established itself as a significant player in the Southeast Asian startup ecosystem, making nearly 100 investments in the region, and consistent ranked as #1 investment network in the region. XA Network comprises senior leaders from prominent global and regional technology companies and notable company founders. This approach distinguishes XA Network, enabling it to offer portfolio companies unparalleled guidance and support from experienced industry operators.
We also see an opportunity to build a stronger bridge between ecosystems in Africa and Southeast Asia along the way. In fact, this investment hypothesis has already been proven across some of the African founders we are currently supporting.”, Mr Gajria added.
The XA Africa team will be hosting their first public Demo Day webinar on Thursday November 7, 1-2pm GMT+1, where Africa focused investors can meet and invest in four founding companies and learn more about XA Africa. Click here to register for the event.
For more information, please visit https://xanetwork.co/
For media queries, please contact:
Carmelita Lumempouw-Didoné
[email protected]
Logo – https://mma.prnewswire.com/media/2527115/XA_Africa_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/xa-network-expands-to-africa-with-launch-of-xa-africa-backed-by-tech-veterans-302273341.html
Fintech PR
Arta Finance partners with Abu Dhabi’s Wio Invest to launch Wealth-as-a-Service for banks globally, unveils Arta AI Copilot
- MAS-licensed Arta Finance launches in Singapore and internationally
- Arta announces partnerships with Wio Invest for its Wealth-as-a-service offering for banks and financial institutions globally
- Arta unveils Arta AI Copilot – a number of AI-enhanced experiences on its wealth platform
- Arta welcomes Ralph Hamers as external advisor
SINGAPORE, Oct. 11, 2024 /PRNewswire/ — Fast-growing digital wealth management platform Arta Finance today launched globally. Arta’s platform is now open to accredited investors in Singapore and to international investors open to managing their wealth in Singapore – a global wealth hub where an expected 1.6 million offshore investors are expected to manage $4.8 trillion in assets by 2028. The international launch follows Arta’s successful debut in the US in October 2023.
Arta today also took a major step on its B2B journey with the announcement that Abu Dhabi’s Wio Invest would be the first of many to integrate the Arta wealth-as-a-service platform into their digital platform, to create a new wealth management offering for its clients in the Middle East, pending regulatory approval. Wio Invest, a forward-thinking Middle Eastern fintech, is regulated by the Securities and Commodities Authority (SCA) and backed by Abu Dhabi Development Company (ADQ), a prominent institution.
Arta’s wealth platform offers a curated deal flow that includes private investments from exclusive fund managers, intelligent public market strategies, and innovative structured products, without the sales pressure, opaque pricing and manual processes found in many other financial institutions.
Commenting on the international launch, Arta CEO Caesar Sengupta said: “Arta is at the intersection of some powerful trends, including the personalisation and democratisation of wealth management, the huge growth and opportunity in private market investing, and the use of AI to create capabilities that have previously only been the preserve of the ultra-wealthy. We are now taking a major leap forward with our international launch and can’t wait to bring the Arta wealth platform and AI Copilot to the global community in the months and years ahead.”
The ‘wealth-as-a-service’ platform for banks and financial institutions is a new B2B offering by Arta. It was done with support from the venture building team of the Singapore Economic Development Board (EDB), which worked closely with Arta to incubate this offering during the early stages of the concept. This cloud-based platform empowers partner banks to serve their clients better and meet evolving demands with faster time-to-market for innovative wealth management products, services, and technology. Banks can choose from integrating Arta AI Copilot capabilities, to embedding Arta’s investment solutions into their platforms, to fully white-labelling the Arta platform — enhancing their digital capabilities and unlocking growth in new wealth segments.
To help integrate a cloud and AI-native wealth platform into legacy systems at partner banks, Arta is also announcing partnerships with leading cloud provider Google Cloud and global management and technology consultancy Capco to provide solutions for banks looking to adopt Arta’s technology.
Amanda Ong, Head of International Expansion commented: “The launch of the B2B business is an extension of Arta’s mission, enabling us to partner with banks and financial institutions in a way that is wholly complementary to their current offering. We are proud to welcome Wio as our launch partner and look forward to growing together.”
AI drives leap in wealth tech
Arta also launched the first-of-its-kind AI Copilot, purpose-built for wealth management and finance. This patent-pending technology empowers Arta’s members to make smarter investment decisions – ideate, analyse, and monitor their portfolios with the tools and insights that usually require large teams of relationship managers, private bankers, and investment analysts.
Unlike commonly available AI chatbots or apps, Arta’s AI systems are purpose-built for applications in wealth and finance and exploit the reasoning capabilities of the latest large language models. Arta’s AI stack employs several models that work in conjunction with each other – including commercially available closed source models, fine-tuned open source LLMs and several custom built AI/ML models created by Arta’s researchers. These models have access to high-quality public and proprietary data including large financial and risk data sets for training and inference. This enables Arta to combine the fluency of LLMs with the time sensitivity, hard mathematical rigour and explainability necessary for investment and financial applications. Its AI stack, like the rest of Arta’s infrastructure, is highly privacy-preserving and uses encryption at rest and in transit for all user data.
Singapore Minister of State for Trade and Industry and MAS board member, Alvin Tan was on hand to help launch Arta in the City State, alongside investors, fund managers, partners, and clients. The company has established key functions in Singapore including engineering, marketing, product, design and operations and a number of its global leads including its CEO are based in Singapore.
Arta welcomes Ralph Hamers as external advisor
Arta also today welcomes Ralph Hamers as an external senior advisor, providing strategic guidance as the company grows internationally. Ralph Hamers is an advisor to established and new players in the global financial sector. He developed a special knowledge in digitalisation of processes and client offerings. Hamers previously was CEO with UBS and ING
Commenting on his role as senior advisor to Arta, Mr Hamers said:
“A central focus of my leadership has been to take legacy businesses and digitalise, integrating front-to-back technology to drive efficiencies and make the lives of clients and colleagues easier. This often needs major and multi-year transformations in well-established organisations. With Arta, I see the enormous opportunity of having incredibly smart people from the worlds of technology and finance coming together to build a platform that is more than ready to take its place amongst the world’s leading wealth managers.”
Mr. Hamers becomes part of a distinguished group of early investors in Arta, which includes more than 140 technology and finance leaders, such as ex-Google CEO Eric Schmidt and Mastercard CEO Michael Miebach.
The Arta wealth platform is now available globally to all accredited investors on desktop and mobile. Early members will get their first investment up to $100K managed free for life by Arta (terms and conditions apply). To learn more about Arta, please visit artafinance.com.
Important Disclosures
Arta Wealth Management Pte. Ltd. (“Arta Finance”) is licensed by the Monetary Authority of Singapore (“MAS”) whose products and services are only available to Accredited Investors.
Investing in securities involves risk, and there is always the potential of losing money. Certain investments are not suitable for all investors. The content provided herein is for informational purposes only and is not investment or financial advice, tax or legal advice, an offer, solicitation of an offer, or advice to buy or sell or hold securities or investment products. This material has not been reviewed by the Monetary Authority of Singapore. For additional disclosures related to Arta Finance, please visit https://artafinance.com/sg/disclosures.
About Arta Finance:
Founded by ex-Google executives, Arta Finance is a digital wealth platform for the savvy that enables more people to access the “financial superpowers” of the ultra-wealthy. The platform provides access to private market investments from elite fund managers, intelligent public market strategies and structured products, and sophisticated financial services such as insurance and estate planning. Headquartered in the US and Singapore, Arta serves its members directly as well as empowering partner financial institutions to expand wealth management to new clients. Arta is backed by Peak XV, Ribbit Capital, Coatue, EDBI, and over 140 luminaries in tech and finance.
Learn more at artafinance.com
Logo – https://mma.prnewswire.com/media/2216796/Arta_Finance_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/arta-finance-partners-with-abu-dhabis-wio-invest-to-launch-wealth-as-a-service-for-banks-globally-unveils-arta-ai-copilot-302272603.html
-
Fintech7 days ago
Perigon Wealth Management Enhances Leadership Team to Support Continued Growth
-
Fintech PR6 days ago
Universal Consulting Opportunities (UCO) Enters European Market as Exclusive Strategic Advisor to MLS Leader in Romania
-
Fintech PR7 days ago
Fitch Ratings Assigns Moldova a ‘B+’ Rating with Stable Outlook, Reflecting Economic and Financial Resilience
-
Fintech7 days ago
Thunes Wins Big at Pay360 Awards 2024 – Taking Home Three Prestigious Titles
-
Fintech PR7 days ago
PRC at 75 : People’s Daily releases a documentary-The Train to the Future
-
Fintech PR6 days ago
ADQ Appoints Modon as Master Developer for Ras El Hekma Megaproject in Egypt
-
Fintech PR7 days ago
CareEdge announces entry into Global Scale Ratings with launch of Sovereign Ratings for 39 Countries
-
Fintech PR7 days ago
J.S. Held Expands Executive Leadership to Oversee Next Phase of Growth