Malaysian investment bank Kenanga plans to launch Bitcoin trading as part of its wealth-focused super app in early 2023.
Malaysia continues accelerating its pace of cryptocurrency adoption as one of the major local banks is moving into cryptocurrency trading as part of its default banking offerings.
According to an announcement on Wednesday, Kenanga has signed a memorandum of understanding with Ant to jointly develop Malaysia’s wealth application called categorized as a super app. Under the terms of the agreement, Ant’s digital technology unit will provide Kenanga with mPaaS, a mobile development platform originating from AliPay App.
The SuperApp is designed to revolutionize the way of managing wealth in Malaysia by integrating diverse financial services — like stock trading, digital investment management, crypto trading, digital wallet, foreign currency exchange and others — into a single platform.
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