Share this article
Blockchain.com Wins Singapore License
The news means two exchanges in two days – Coinbase the other one – have received in-principle approval to operate in that country.
By Amitoj Singh
Updated Oct 12, 2022, 4:28 p.m. Published Oct 12, 2022, 12:59 p.m.
London-based crypto exchange Blockchain.com said it has been granted in-principle approval for a Digital Payment Token license by the Monetary Authority of Singapore (MAS). Reuters was first to report the news.
- The report comes one day after another crypto exchange, Coinbase, announced it was granted a similar approval for a Digital Payment Token (DPT) in Singapore.
- Backed by investors such as Lightspeed Venture Partners, Blockchain.com will become the 18th crypto firm to operate in Singapore out of roughly 180 that have applied for a payments license since 2020, according to the Reuters report.
- Singapore is an attractive spot to grow its institutional business and team, said Blockchain.com in a Medium post, noting half of the company's business comes from institutions.
- Other recent regulatory wins for Blockchain.com include a provisional approval to operate in Dubai. The company, of course, hasn't been immune to crypto winter, having been forced to slash 25% of its workforce in July after losing $270 million from lending to failed crypto hedge fund Three Arrows Capital.
- MAS did not immediately return a request for comment.
Read More: Coinbase Gets Singapore Digital Payment Token License
STORY CONTINUES BELOW
UPDATE (Oct. 12, 13:30 UTC): Adds confirmation and response from Blockchain.com in story and headline.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Top U.S. Crypto Lobbying Arm Digital Chamber Integrates CryptoUK as Affiliate
The Digital Chamber is among the oldest and largest crypto advocacy groups, and it'll now incorporate CryptoUK into its widening operations.
What to know:
- A top U.S. crypto lobbying group, the Digital Chamber, is absorbing and partnering with UK group CryptoUK under one umbrella, the groups said.
- The two organizations will share resources as new digital assets policy continues to be written and implemented in both jurisdictions.
Top Stories
