DearBiONEusers,
BiONEExchangeofSingaporehasformallyappliedforafinanciallicencefromtheUSSecuritiesandExchangeCommission(SEC).TocomplywiththeSEC'scompliancerequirements,BiONEwilltemporarilyshutdownitscontracttradingserviceat15:00(UTC8)onNovember8.BiONEuserswillbeabletoclosetheirpositionsandtransferfundstotheiraccountsbeforethedateofwithdrawal.BiONEwillcontinuetosupportspot&ETFtradingmarket.
TheUSSecuritiesandExchangeCommission(SEC)isalargeindependentagencyoftheU.S.federalgovernment,whichwasestablishedinthe1920stoprotectinvestorsandthenationalbankingsystem.CoinbasePro,forexample,isthelargestexchangeintheU.S.,andhasalreadyobtainedtheSECfinanciallicense.Weseektodothesame.
November6,2020
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