XREX Exchange and KGI Bank are strengthening their strategic partnership, marking a significant milestone in Taiwan’s evolving digital asset landscape. Starting June 2024, the two institutions launched USD custody and deposit/withdrawal services. Now, as of January 9, 2025, XREX has expanded this collaboration to include New Taiwan Dollar (NTD) custody through KGI Bank—delivering users a more secure, compliant, and seamless fiat onboarding experience.
This enhancement means eligible users can now select KGI Bank as their NTD custodian directly within the XREX Exchange platform or mobile app after completing all required verification steps.
Eligible users include:
- Nationals of the Republic of China (Taiwan)
- Foreign residents holding a valid Alien Resident Certificate (ARC)
👉 Discover how secure crypto-fiat integration is shaping the future of digital finance.
What Is a Custodian Bank?
A custodian bank partners with cryptocurrency exchanges to provide regulated services such as fiat deposits, withdrawals, and trust-based asset protection. In this model, user funds are legally separated from exchange operational capital, significantly enhancing security, transparency, and regulatory compliance.
By leveraging KGI Bank’s trusted financial infrastructure, XREX ensures that customer assets remain safeguarded under strict banking supervision—a critical advancement for risk-conscious investors entering the crypto space.
KGI Bank commented on the expansion:
"Digital asset adoption is rising rapidly, making robust financial infrastructure essential. We’re proud to deepen our collaboration with XREX Exchange, supporting individuals in embracing new asset classes with confidence. This partnership highlights the convergence of traditional finance and blockchain innovation, contributing positively to Taiwan’s digital economy."
Bridging Traditional Finance and Blockchain Innovation
The line between conventional banking and blockchain-based finance continues to blur. As institutional interest grows—evidenced by spot Bitcoin ETFs in the U.S. and global tech giants exploring stablecoin integrations—secure gateways between fiat and crypto become increasingly vital.
For retail investors, especially those new to digital assets, frictionless fiat onramps, reliable custody solutions, and transparent compliance frameworks are non-negotiable. Banks like KGI play a pivotal role by offering regulated channels that reduce risk while increasing accessibility.
XREX’s integration with KGI Bank reflects a broader industry shift toward financial convergence, where compliance isn’t just a legal requirement—it's a competitive advantage.
Commitment to Security and Regulatory Compliance
Founded in 2018, XREX Group operates as a globally focused fintech institution built on blockchain technology. It collaborates closely with regulators, banks, and end-users to redefine modern financial services—particularly for businesses in emerging markets and cross-border traders.
The Taiwan-based subsidiary, Lianke Co., Ltd., operates XREX Exchange and completed its anti-money laundering (AML) compliance declaration with Taiwan’s Financial Supervisory Commission (FSC) in March 2022. By March 31, 2025, it had also submitted formal AML registration with the FSC—demonstrating ongoing alignment with local regulatory expectations.
In Singapore, XREX’s subsidiary obtained the Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS) in May 2024—a testament to its international compliance standards.
These milestones reinforce XREX’s mission: to offer a safe, regulated environment where both novice and experienced users can invest in cryptocurrencies like Bitcoin and Ethereum with peace of mind.
Enhanced User Experience Through Strategic Banking Partnerships
With multiple banking partners including KGI Bank and Far Eastern International Bank, XREX provides diversified NTD deposit and withdrawal options tailored to different user needs.
For example:
- Users choosing Far Eastern International Bank must meet specific criteria to upgrade to higher-tier deposit limits.
- As of June 28, 2025, new users must pass identity verification for over 31 days and accumulate at least NTD 500,000 in monthly deposits to qualify for general membership limits.
- Until then, they face per-transaction and daily caps of NTD 100,000.
These policies reflect banking regulations designed to prevent fraud and money laundering—ensuring long-term platform integrity.
👉 Learn how top platforms are integrating banking-grade security into crypto trading.
Upcoming Platform Enhancements: July 2025 Updates
To further strengthen platform security and user protection, XREX Exchange will implement three key policy changes starting July 31, 2025, specifically for users in Taiwan:
1. Restricted Access to Crypto Withdrawals & Internal Transfers (BitCheck)
New users who complete KYC on or after July 31, 2025, will need to apply separately to activate:
- Cryptocurrency withdrawal function
- Internal transfer feature (BitCheck)
All other trading functions will remain available immediately upon KYC completion or after investment profile assessment.
Existing users (verified before July 31) retain full access without additional steps.
2. Zero-Fee NTD Trading Promotion
In a major move to encourage broader adoption, XREX will launch a zero-fee promotion for NTD trading pairs:
- Start Date: July 11, 2025
- End Date: January 1, 2026
- Applies to spot trades and instant exchanges using NTD pairs
- No registration required—automatically applied
This means users can start investing in Bitcoin with less than NTD 500—lowering the entry barrier for first-time investors.
3. Strengthened AML & User Protection Frameworks
These updates align with global regulatory trends emphasizing transaction monitoring, risk-based controls, and user education. By proactively adjusting its systems, XREX positions itself as a leader in compliant digital asset innovation.
Frequently Asked Questions (FAQ)
Q: Who can use KGI Bank as an NTD custodian on XREX?
A: Republic of China nationals and foreign residents with a valid ARC are eligible after completing full identity verification.
Q: Are my funds safe with a custodian bank?
A: Yes. Custodial arrangements ensure your fiat deposits are held in segregated accounts, legally distinct from XREX’s operational funds—enhancing transparency and protection.
Q: Do I need to apply for the zero-fee NTD trading promotion?
A: No. The discount is automatic for all eligible users trading NTD pairs during the promotional period (July 11, 2025 – January 1, 2026).
Q: Why are new users required to apply for withdrawal access?
A: This measure strengthens anti-fraud and AML protocols while maintaining ease of use for verified long-term users.
Q: Can businesses use these services?
A: Yes. Enterprises registered or operating in Taiwan—including those with ARC-holding representatives—are eligible for institutional accounts under applicable verification processes.
Q: How does XREX ensure compliance across jurisdictions?
A: Through licensing (e.g., MAS MPI in Singapore), local regulatory filings (e.g., FSC AML registration in Taiwan), and continuous collaboration with banking partners.
Final Thoughts: Building the Future of Financial Inclusion
XREX Exchange’s deepening ties with KGI Bank underscore a clear vision: merging the reliability of traditional finance with the innovation of blockchain technology. With enhanced NTD custody, zero-fee trading incentives, and proactive regulatory alignment, XREX is creating a trusted gateway for users across Taiwan and beyond.
As digital assets become integral to global portfolios, platforms that prioritize security, compliance, and user experience will lead the next wave of adoption.
👉 See how leading exchanges combine regulatory compliance with cutting-edge crypto access.
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