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Singapore
11 Jun 2015 (11 Years)
Last online: No recent activity
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License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know TenX
Company Information
Get to know TenX
Founded in 2015 and gaining prominence after a successful 2017 ICO, TenX's mission was to bridge the gap between cryptocurrencies and the traditional financial world. The company developed a mobile wallet and a physical debit card that allowed users to spend various cryptocurrencies like Bitcoin, Ethereum, and Litecoin by instantly converting them to fiat currency at the point of sale. However, the company faced significant operational hurdles, including the termination of services by its card issuer WaveCrest in 2018. After several attempts to relaunch its card services, TenX announced in late 2020 that it would be discontinuing its cards and ceasing operations in its original form. The team has since pivoted to focus on decentralized finance (DeFi) through Mimo Capital.
Industry
Review Analytic
Maryam Garba
Direct
Excellent
Overall Thought
From the moment I started using TenX, I was impressed by its seamless integration of cryptocurrencies into everyday spending. The user-friendly app allowed me to effortlessly manage my crypto assets and convert them for real-world purchases. What truly stood out was their commitment to security – the multi-layered approach gave me peace of mind. Their responsive customer support promptly addressed any queries I had. TenX isn't just a crypto company; it's a bridge to a future where digital currencies become an integral part of our lives.
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