Three currency pairs are available initially: SGD-Bitcoin, SGD-Ethereum, and Bitcoin-Ethereum. Additional pairings will be added in the future. New users who register on the platform will also be eligible for sign-up bonuses.
By offering Singapore-dollar transactions, as well as both market and limit orders, Wowoo Exchange can provide narrow spreads, lower trading fees, and simple and quick trades. A limit order is an instruction at an exchange to buy or sell an asset if a predetermined price is reached, or higher. A market order is an instruction to perform the buy/sell transaction at the current market price. Spreads are the range between buying and selling prices for an asset.
In the coming months, the exchange’s users can expect to see more features like customisable dashboards, introduction of other coins, as well as advanced options such as an instant-exchange interface, and additional trade types like stop orders. A stop order is an instruction to the exchange to buy or sell an asset once a predetermined price is reached, while "instant" services are quicker than traditional services and promise to be more seamless.
Willie Chang, CEO of Wowoo Exchange said, “Having spent the last few months laying a solid foundation, including building a strong team and platform, we are excited to bring cryptotrading to a wider audience in the region. In the coming months, we will continue to focus on improving the user experience.”
|Source: Wowoo website. An offer for new users which includes free Bitcoin.|
For a limited period of time, new users who register on the Wowoo Exchange platform will be eligible for sign-up bonuses.