Introduction
Welcome to the fascinating realm of cryptocurrencies! If you're reading this, chances are you're already familiar with big names like Bitcoin, Ethereum, and Dogecoin. However, Malaysia is home to some remarkable crypto companies that are truly making waves in the industry. In this article, we'll shed light on five of these companies that deserve your attention. From delivering real-time price information on hundreds of cryptocurrencies to offering cutting-edge blockchain solutions, these companies are at the forefront of the crypto revolution in Malaysia. So, get ready to embark on an exciting journey into the world of crypto in Malaysia as we introduce you to CoinGecko, Etherscan, MX Global, Pentas.io, and Torum—the hand-picked selection for today's discussion.
Malaysia Blockchain/Crypto Companies
CoinGecko
CoinGecko is a platform that provides digital currency prices and information data. It empowers users to quantitatively evaluate and rank their coins. Founded in 2014 by TM Lee and Bobby Ong and headquartered in Malaysia, CoinGecko aims to offer users a comprehensive overview of the cryptocurrency market. It achieves this by tracking over 10,000 cryptocurrencies from more than 400 exchanges. CoinGecko offers real-time price data, historical price charts, market capitalization, trading volume, and other essential metrics for each cryptocurrency. As a popular source of information for cryptocurrency traders and investors, CoinGecko has been recognized with several awards, including the 2020 MAS Fintech Awards.
Etherscan
Etherscan serves as a blockchain explorer and analytics platform for Ethereum, a decentralised smart contracts platform. The platform hosts a collection of web-based tools that enable users to explore the public Ethereum network based on confirmed transactions on the blockchain. It's important to note that Etherscan can only provide and display information that is already available on the blockchain. Established in 2015, Etherscan stands as one of the earliest and longest-running independent projects centred around Ethereum and its community. It strives to offer users a user-friendly means to explore and understand the Ethereum blockchain. Etherscan garners over 20 million unique visitors per month.
Pentas.io
Pentas.io is a homegrown NFT art marketplace based in Malaysia. This platform allows users to mint artwork at a cost of BNB 0.00117172 (US$0.44 or RM1.84 at the time of writing). Pentas.io currently boasts approximately 8,100 NFT owners and artists, with over 81,000 registered NFTs. The platform has facilitated transactions worth a total of RM4.84 million and retains a 2.5% cut from each sale. Founded in 2021 by a team of Malaysian entrepreneurs, Pentas.io offers various features such as auctions, collections, and curated galleries. Pentas.io has secured funding from notable investors, including Jafco Asia and Gobi Partners. Its mission is to champion local artists and foster a vibrant NFT art scene in Malaysia.
MX Global
MX Global Sdn. Bhd., headquartered in Kuala Lumpur, is a fintech company established in 2018. Their mission is to create a secure and accessible platform for cryptocurrency trading, catering to merchants, consumers, and traders. Specialising in cryptocurrency exchange, MX Global prioritises its services' trustworthiness and integrity. In April 2022, MX Global raised US$1.6 million in funding, with leading investor Binance, despite being banned by the Securities Commission Malaysia (SC) at the time.
TORUM
Torum is a rapidly growing Web 3.0 crypto-centric social media platform built on the Binance Smart Chain. With over 2 million registered users from 200+ countries, Torum connects cryptocurrency users worldwide. It offers a range of features including a social media platform, yield farming hub, NFT marketplace, and a Metaverse platform. Users can learn, discuss, and trade cryptocurrencies while earning rewards and engaging with a diverse community of experts. Torum aims to become a leading destination for cryptocurrency enthusiasts, providing a comprehensive ecosystem for learning, networking, and exploring the future of the internet.
Conclusion
In conclusion, Malaysia's cryptocurrency and blockchain industry is experiencing a rapid growth phase, witnessing the emergence of numerous innovative companies in recent years. From NFT marketplaces like Pentas.io to blockchain explorers like Etherscan, these companies are playing a vital role in shaping the future of decentralised technologies in Malaysia and beyond. CoinGecko and MX Global are simplifying cryptocurrency investments and trading for Malaysians, while Torum focuses on connecting and empowering cryptocurrency users worldwide through its Web 3.0 platform, offering features for learning, discussion, trading, and engagement in the cryptocurrency ecosystem. As these companies continue to innovate and push the boundaries of what's possible with blockchain and cryptocurrency, Malaysia's position as a hub for fintech and digital innovation looks poised to strengthen in the coming years.