A crypto wallet is not required because there are no physical cryptocurrencies involved. There is no physical settlement or delivery of the underlying cryptocurrency and no deposits and withdrawals of cryptocurrencies supported. You can use your existing accounts with us to trade the Crypto FX pairs.
Crypto FX are categorised as unlisted Specified Investment Products (SIPs). The Monetary Authority of Singapore (MAS) requires us to assess your investment knowledge and experience through Customer Knowledge Assessment (CKA) before you are enabled access to this product.
You may email your request to [email protected]. The team will send you a Risk Warning which highlights some of the risks associated with trading Crypto FX. You must acknowledge your understanding and acceptance of the associated risks via email reply.
Yes, an open position held overnight will be rolled over to the next available business day depending on the fiat currency. The Tom/Next swap point applied is derived from the interest rate differential between the crypto funding rate and the interest rate on the fiat currency.
Crypto FX follows standard FX trading hours and is not traded over the weekend while the underlying cryptocurrencies continue to trade over the weekend, as such, you need to be mindful of the exposure risks on your positions.