A Singapore-based exchange will allow for easy fiat-to-crypto trading and aims to make digital currency more easily accessible to businesses and consumers than ever before.
Singapore-based fiat-crypto exchange EurekaPro, led by a team comprising Junus Eu, Douglas Gan and Kin-Wai Lau, announced its entry into the Southeast Asian blockchain market, according to a media release sent on Monday.
EurekaPro offers the widest Asian fiat-to-cryptocurrency support, allowing holders of the Singapore Dollar, Malaysian Ringgit, Indonesian Rupiah, and other Asian fiat currencies to seamlessly transact on the EurekaPro exchange. The firm has already launched an open public beta, in which over 8,000 users have signed up in its first week.
With a combined population of 655 million and a rapidly growing middle class, Southeast Asia presents endless opportunities for the blockchain space, and is home to a burgeoning blockchain community. EurekaPro aims to bridge the gap between an increasingly tech-savvy population and the blockchain space by enabling unprecedented ease of transaction between fiat and crypto.
EurekaPro began as Overswitch, a company headquartered in Sweden. With an international team based in Singapore, Malaysia and Sweden, the firm is poised to be a fiat-to-crypto hub for the growing Southeast Asian market.
Around the Clock
Through its exchange that facilitates fiat-to-crypto transactions securely, in real-time, and around the clock, EurekaPro aims to make digital currency more easily accessible to businesses and consumers than ever before.
“Our platform represents a unique proposition for the blockchain space in Southeast Asia, by removing or reducing entry barriers to the crypto market that may otherwise prevent consumers from adopting blockchain technology,” said EurekaPro co-founder and CEO Eu.