DragonEx has secured an EU cryptocurrency exchange license and plans to expand its global reach through new payment partnerships and enhanced service offerings. The Singapore-based trading platform,
DragonEx has secured an EU cryptocurrency exchange license and plans to expand its global reach through new payment partnerships and enhanced service offerings.
The Singapore-based trading platform, which ranks among the world's top 20 exchanges, received regulatory approval from European authorities to operate as a licensed cryptocurrency exchange in the region. The company inked cooperation agreements with European projects including Friendz and Revain.
To support that growth, DragonEx negotiated with a San Marino payment solutions provider to enable deposits and withdrawals in multiple fiat currencies. The platform will launch USD, EUR, JPY, and other major currencies alongside its existing CNY support. Multi-fiat capabilities give the exchange a path to serve traders across regions that currently rely on limited payment options.
Starting December 1st, DragonEx will offer round-the-clock fiat deposits and CNY withdrawals. The platform is adding 24/7 withdrawal verification and customer support to handle the increased transaction volume as it activates new currency pairs.
The exchange pioneered a Trading-mining model combined with a Holding-sharing feature that ties rewards to user participation. The platform centers its economics around its native token, DT, which distributes value back to traders based on their activity.
"DragonEx believes that the interests and values of the platform come not only from DT, but also from the users," the company said in an announcement. "Even if the market is bearish, we still keep the goal of becoming the greatest cryptocurrency exchange in mind. And that is no doubt that providing quality service is the only way to achieve that."
Major exchanges are vying for regulatory approval across jurisdictions as institutional interest in crypto markets grows. With its EU license, DragonEx can serve European traders in this competitive landscape and support its broader ambition to capture market share outside Asia.