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MX Exchange Gets Green Light to Trade Cryptos, Appoints Former MDEC C-Level as CEO

Business & Finance

MX Exchange has been granted full approval by the Securities Commission Malaysia (SC) to operate as Recognised Market Operator-Digital Asset Exchange (RMO-DAX) for the trading of cryptocurrencies in Malaysia, making it the fourth DAX permitted to operate in Malaysia.

The trading platform has gone live and is available on desktop and soon as a mobile application. Currently, MX Exchange supports Bitcoin and Ethereum trading pairs with the Malaysian Ringgit.

The trading platform has also appointed Dato’ Fadzli Shah,  Malaysia Digital Economy Corporation’s (MDEC) former Chief Strategy Officer, as its Chief Executive Officer.

He has extensive experience in the digital and startup worlds, both locally and abroad.

Founded in 2018, MX Exchange is a 100% Malaysian owned DAX which aims to add new enhanced features to its trading platform soon.

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