OKX Singapore

Crypto service provider · Singapore, Singapore

OKX SG Pte. Ltd. holds a Major Payment Institution licence from the Monetary Authority of Singapore covering cross-border money transfer and digital payment token services, and is registered at 12 Marina Boulevard in the Marina Bay Financial Centre with Gracie Lin named as the responsible officer. The Singapore entity exists so that OKX can offer regulated crypto trading and transfers locally. It is an exchange, not a bank: there is no deposit protection, no lending to companies and no cash management product, and OKX does not publish a corporate account offer or fee schedule for this entity.

Legal name: OKX SG Pte. Ltd.
Regulated by: Monetary Authority of Singapore
Licence confirmed: yes, on a regulator's own list
Website: www.okx.com/en-sg

Scores, 0 to 10

8.5Crypto-friendly bank

The licensed activity is digital payment token services and OKX is one of the largest crypto exchanges by volume. · source

8.0On-ramp: buy crypto with fiat

Account holders deposit SGD through FAST, MEPS or international wire to a unique account number and trade USDT/SGD, USDC/SGD and 20+ USD pairs; fiat is limited to SGD and USD and deposits must come from an account in the same name. · source

8.0Off-ramp: crypto to fiat in a business account

SGD withdrawals go by local bank transfer to a verified account that has already made a deposit, minimum 10 SGD, and USD balances can also be withdrawn; only SGD and USD are offered. · source

8.0Bitcoin

Institutional accounts can buy BTC against SGD, USD or stablecoins, hold it and deposit or withdraw it on-chain under the MAS licence; no BTC-backed lending for Singapore companies was found, checked September 2026. · source

8.0Stablecoins (USDC, USDT and others)

OKX SG runs direct USDT/SGD and USDC/SGD pairs since January 2025 and a unified USD order book that accepts USD, USDC and USDG with withdrawal in the chosen stablecoin. · source

7.5Crypto wallet and custody for a business

OKX SG opens institutional accounts after KYB checks on key roles and an authorised user letter (help page updated May 2026), holding crypto under its MAS Major Payment Institution licence for digital payment tokens; it is an exchange account, not a dedicated institutional custodian. · source

7.5Ethereum

ETH and listed tokens can be bought, held and transferred through the same account; staking for Singapore business clients was not found on OKX SG pages, checked September 2026. · source

6.0Asia-Pacific (SG, HK, AU, JP, KR)

A Singapore Major Payment Institution licence for cross-border money transfer and digital payment token services, registered in the Marina Bay Financial Centre. · source

4.5Fast digital onboarding

Signup runs through the OKX app for Singapore customers, but no corporate onboarding path or time to open is published. · source

4.5Financial strength & stability

Licensed by the Monetary Authority of Singapore, but privately held, unrated and publishing no financial statements for the licensed entity. · source

4.0Cross-border payments, FX and multi-currency accounts

The licence covers cross-border money transfer, but no multi-currency account, currency list or FX margin is published for the Singapore entity. No multi-currency cash accounts, pooling or hedging under the Singapore licence. · source

4.0Lowest fees

No fee schedule is published for the Singapore entity; trading fees are set at group level and not shown in the MAS entry. · source

4.0Foreign-owned & non-resident companies

The licence covers Singapore customers and OKX publishes no policy on foreign-owned companies applying locally. · source

3.5Best interest on business balances

No deposit, savings or treasury product is published for the Singapore entity. · source

3.5Fintech companies that need a partner bank

OKX SG offers no safeguarding accounts, sponsor banking or rail access to other payment firms. · source

3.5Startups & VC-backed companies

No startup programme, corporate account or financing is published. · source

3.5Accept crypto payments

OKX Pay, launched in September 2025, lets OKX SG customers pay GrabPay merchants in USDT or USDC with merchants receiving SGD via StraitsX, but the merchant contracts with Grab, and OKX SG has no checkout or invoicing product of its own for businesses. · source

3.0Online businesses: e-commerce and SaaS

No card acquiring, collection accounts or marketplace payouts are published for the Singapore entity. No receiving accounts, accounting integrations or revenue financing for a software business. · source

2.5Customer satisfaction

Trustpilot 2.3 out of 5 from 1,781 reviews, with 23% five-star and 62% one-star. · source

2.5Business cards (Visa, Mastercard)

No business card programme is published for the Singapore entity. · source

2.5High-risk verticals (iGaming, cannabis, adult, forex)

Crypto is the licensed activity, and no onboarding path is published for gambling, cannabis, adult or forex operators. · source

1.0Trade, manufacturing & import-export

No letters of credit, guarantees or supply chain finance. · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.